Outline of climate fund agreement starts to take shape, Oxfam says
This week has shown us that substantive building blocks, like the climate fund, can be achieved in Cancun. It is crucial that rich countries don’t hold the climate fund hostage to progress in other areas of the negotiations.
Kelly Dent, Senior Climate Change Advisor for Oxfam
Tianjin, China – As the 6-day international climate negotiations in Tianjin, China, came to a close on October 9th, international development agency Oxfam said the outline of an agreement on a set of decisions at the Cancun summit in December are beginning to appear, but governments will need to work with real urgency and the utmost determination to achieve real progress this year.
“Real progress can be made in Cancun. But all the talk of ‘balanced outcomes’ this week will mean absolutely nothing if governments don’t make key decisions to keep the flame of a fair, safe and binding global agreement alight,” said Kelly Dent, Senior Climate Change Advisor for Oxfam. “Poor people around the world cannot afford for that light to be extinguished. It is a matter of survival.”
Oxfam said that the establishment of a new Global Climate Fund that would assist developing countries to adapt to climate change impacts is a vital and achievable outcome for Cancun. Other key elements of a “balanced outcome” to ensure the talks move forward, include a pathway to a binding agreement that will ensure more ambitious action on emissions reductions and the provision of long-term finance by rich countries.
“This week has shown us that substantive building blocks, like the climate fund, can be achieved in Cancun. It is crucial that rich countries don’t hold the climate fund hostage to progress in other areas of the negotiations. Treating the new fund as a bargaining chip will only result in deadlock and more suffering for vulnerable people in poor countries,” she added.
Oxfam is calling for a new Global Climate Fund that is equitable, accountable, transparent and efficient. The fund must be accessible for poor countries, with at least half of the funding going to help vulnerable people adapt to a changing climate, especially women farmers who are responsible for producing over half the food in some poor countries.
Negotiations will continue at the upcoming COP 16 of the UN Framework Convention on Climate Change in Cancun, Mexico, next month, where governments must deliver a set of decisions – stepping stones that will clearly mark the path to a fair ambitious and binding deal.
