Follow the day’s news live

Oxfam reacts to Australia’s Cop29 pledge

Oxfam Australia has welcomed the government’s Cop29 pledge of $50m towards a global loss and damage fund to help the world’s most vulnerable people to repair the damage from climate breakdown.

If climate change losses and damages are not included in the new global climate finance goal, the new fund for responding to loss and damage risks becoming an empty vessel.

The danger is that developed country governments will prioritise meeting the new and ambitious climate finance goal, and will not prioritise a fund that doesn’t count towards it.

Continue reading...