REACTION: Oxfam response to the latest climate finance draft text at COP29

"This latest draft shows a shameful failure of leadership.

“The COP29 Presidency’s top-down ‘take-it-or-leave-it’ approach has sidelined the voices of those most impacted by the climate crisis while rich countries boycott climate justice by refusing to pay up and putting false solutions on the table.

“No deal would be better than a bad deal for those grappling with the harshest impacts of climate collapse. The UK must urgently push for a global finance goal that is in the trillions, not billions, in public and grants-based finance.”

ENDS

Notes to editors:

Rich countries continue to resist calls for climate reparations. Climate justice activists are demanding the Global North provide at least $5 trillion a year in public finance to the Global South as climate debt and reparation.