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Home CEOforLIFE AWARDS GLOBAL AUSTRALIA

We can and must do more on climate: Oxfam

Oxfam Australia Chief Executive Lyn Morgain reacts to the Australian Government’s COP26 announcement on climate finance

11 November 2021
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“The Australian Government’s lack of ambition at COP26 was deeply disappointing.” We have no means of demonstrating our commitment to doing our fair lot to limit catastrophic warming without a realistic 2030 aim. Critically, our contributions to climate financing to assist our Pacific neighbours and other hard-hit nations remain insufficient.

“While the increase to $2 billion is great, it is just a $500 million increase over what has already been promised through 2025.” To put things in perspective, New Zealand, a far smaller country, has pledged to triple its climate money to $1.2 billion over four years. Australia has the power and obligation to give additional assistance to Pacific Island governments in their efforts to adapt to the effects of climate change.

“Oxfam and our partners have urged the Australian Government to increase its funding to $3 billion over five years to demonstrate its commitment to our Pacific neighbours.” Even this was a small request, since the Overseas Development Institute estimates our fair part of the USD$100 billion aim to be USD$2.94 billion, or around AUD$4 billion each year.

“Poll after poll shows that Australians feel climate change is a major problem that needs greater ambition from our government.” We can and must improve.”

 

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Source: Oxfam Australia
Via: Oxfam Australia
Tags: AustraliaSDGs12SDGs13SDGs7
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