No Climate Deal Without Adaptation Funding, Oxfam Vows
Make-or-break climate change negotiations in Paris over the next two weeks will only succeed if developed countries are prepared to significantly increase funding for climate adaptation in the developing world, according to Oxfam International.
“Without adaptation funding there isn’t a deal,” Executive Director Winnie Byanyima told Climate Home, adding that her organization will not “clap for the sake of clapping” if a Paris deal falls short of what the world’s most vulnerable countries need.
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Oxfam “specifically wants commitments to bolster support for coping with extreme weather and rising sea levels to US$35 billion a year by 2020, US$50 billion by 2025, and US$100 billion by 2030,” King writes. According to a recent OECD report cited by Byanyima, “only 16% of $62 billion of finance flows between 2013 and 2014 was directed to adaptation.”
In addition to the financial figure, Oxfam’s advocacy in Paris will focus on an equitable, five-year review mechanism that leads to greater ambition in national climate plans, “loss and damage” funding for climate impacts to which it is impossible to adapt, ambitious, equitable goals for long-term emission reductions, and a strong legal framework based on human rights that provides certainty over the next century.
“It is real—we see floods, long droughts, where crops rot in the ground because of extremes. We see people earning less and less from farming. It’s real, and ordinary people are talking about it,” Byanyima said. “What will developing countries go home with if there is no adaptation finance?”