The Future is Equal

Reports

Takers not Makers: The unjust poverty and unearned wealth from colonialism

Billionaire wealth has risen three times faster in 2024 than 2023. Five trillionaires are now expected within a decade. Meanwhile, crises of economy, climate and conflict mean the number of people living in poverty has barely changed since 1990. 

Most billionaire wealth is taken, not earned – 60% comes from either inheritance, cronyism and corruption or monopoly power. Our deeply unequal world has a long history of colonial domination which has largely benefited the richest people. The poorest, racialized people, women and marginalized groups have and continue to be systematically exploited at huge human cost. 

Today’s world remains colonial in many ways. The average Belgian has 180 times more voting power in the World Bank than the average Ethiopian. This system still extracts wealth from the Global South to the superrich 1% in the Global North at a rate of US$30million an hour. 

This must be reversed. Reparations must be made to those who were brutally enslaved and colonised. Our modern-day colonial economic system must be made radically more equal to end poverty. The cost should be borne by the richest people who benefit the most.

Read the report here.

Carbon Inequality Kills

The only way to beat climate breakdown and deliver social justice is to radically reduce inequality. This report reveals the catastrophic climate impacts of the richest individuals in the world, and proposes taking urgent action to protect people and the planet.

What little carbon dioxide we can still safely emit is being burned indiscriminately by the superrich. We share new evidence of how the yachts, jets and polluting investments of 50 of the world’s richest billionaires are accelerating the climate crisis. Oxfam’s research shows that the emissions of the world’s super-rich 1% are causing economic losses of trillions of dollars; contributing to huge crop losses; and leading to millions of excess deaths.

As global temperatures continue to rise, risking the lives and livelihoods of people living in poverty and precarity, we must act now to curb the emissions of the super-rich, and make rich polluters pay.

Read the report here.

Vetoing Humanity

This report aims to highlight the humanitarian consequences of the dysfunction at the UN Security Council and humanitarian finance mechanisms. A few powerful states are obstructing peace processes and undermining international laws which should be equally binding for all people. There are 23 protracted crises examined in this report, with case studies on the Democratic of Republic Congo, the Occupied Palestinian Territory, Syria and Ukraine. The growth of humanitarian needs, gaps in humanitarian funding, and the impacts of veto and penholding power are explored.

Ahead of the Summit of the Future in 2024, Oxfam urges the UN member states to use this opportunity to take decisive and bold action to rebuild a more equal, inclusive, efficient, and responsive system. This will ensure that they fulfill their roles in reducing and resolving crises to avoid the spiralling humanitarian consequences of protracted conflict.

Read the report here.

Doing Our Fair Share: New Zealand’s Responsibility to Provide

Humanitarian agencies World Vision New Zealand and Oxfam Aotearoa, have released an important climate finance report today – Doing Our Fair Share: New Zealand’s Responsibility to Provide Climate.

This report is published during the Pacific Islands Forum in Tonga and ahead of the United Nations climate change conference (COP29) in Baku, Azerbaijan, where the New Zealand government will be participating in negotiations on climate finance to fund climate change adaptation and mitigation measures.

Read the report here

Note to Editors:

New Zealand’s fair share of climate finance has been calculated by looking at the country’s share of responsibility for climate change (based on the country’s cumulative emissions of greenhouse gases since 1992 and since 1850) and its ability to pay (according to its Gross National Income) relative to other higher-income (“Annex II”) countries.

A new climate finance goal that delivers for the Pacific

This report brings together the voices, experiences and demands of civil society from across the Pacific region, including Australia and New Zealand. It has been endorsed by the Pacific Islands Climate Action Network and 55 organisations and networks across seven countries, including Australia and New Zealand. The report presents a comprehensive vision for a new climate finance goal that delivers for the most vulnerable communities, and that sets the world on track to scale up climate action, phase out fossil fuels and transition to a cleaner, greener and more just future for all.

Read report here.

Towards Transparent, Accountable and Inclusive Climate Change Policies in Timor-Leste

Oxfam in Timor-Leste has released a report analyzing the climate change policies in Timor-Leste with a focus on transparency, accountability, and inclusivity. The report highlights the disproportionate impact of climate change on vulnerable groups, particularly women and people with disabilities, and underscores the importance of effective climate finance disbursement to help these communities build resilience.

Vulnerable groups in Timor-Leste, particularly women and people with disabilities, are already experiencing severe impacts caused by climate breakdown. We need a climate action plan that enables the most vulnerable to participate,” said Jude Perera, Country Director for Oxfam in Timor-Leste.

The report emphasizes that climate finance is critical to help these communities build resilience. It outlines how the Government of Timor-Leste (GoTL) influences climate finance allocation through its policies. The policies analyzed include the Strategic Development Plan, National Adaptation Plan, Nationally Determined Contribution, National Climate Change Policy, Zero Draft Carbon Farming Policy and Guidelines, and the proposed Climate Change Framework Law.

A key recommendation from the scoping study is the need for greater transparency. The report recommends that all climate change policies should be available in Tetum on a Climate Change Information webpage and that the GoTL should expand its direct engagement with communities on climate change.

Accountability is another crucial aspect highlighted in the report. While the policy framework includes provisions promoting accountability, their implementation is largely lacking. The report recommends that the GoTL implement these accountability measures and develop a national monitoring, evaluation, reporting, and learning framework.

“The government has made significant progress in creating a policy framework that enables affected communities to hold it to account for its climate action. We want to work with the government to implement its good intentions,” Perera stated.

“Oxfam calls on the government to develop a framework to monitor the implementation of its climate change policies,” Perera emphasized.

Although gender equity is an important element of the GoTL’s climate change policy approach, the report calls for the GoTL to implement all provisions promoting gender equity.

“Oxfam congratulates the Government of Timor-Leste for including gender equity as a core focus of its climate change response. What we need to see now is action. The government should urgently develop guidelines for mainstreaming gender into Timor-Leste’s climate change response as provided for in its National Adaptation Plan,” said Lucio Savio, Climate Justice Programme Manager.

In addition, the report points out that the current policy framework does not specifically address the challenges faced by people with disabilities in relation to climate breakdown.

“People with disabilities have been left behind from Timor-Leste’s response to climate change. We call upon the government to update all climate policies to include the rights, needs, and priorities of people with disabilities,” Savio added. 

The report underscores the need for a climate finance plan and mobilization strategy. Implementing the climate change policy framework depends on dedicated financial resources. The report calls on the GoTL to develop a financing plan that outlines how Timor-Leste’s climate policies will be funded and a strategy to access international support required to undertake climate action.

“Climate finance is the key to helping vulnerable communities build resilience to climate breakdown, yet it’s missing from the government’s climate change response. Oxfam is calling on the government to develop a plan to finance its climate policies and a strategy to access international support,” Savio emphasized.

To access the report, visit here.

The Climate Finance Project is supported by the New Zealand Aid Program. Its contents are the sole responsibility of Oxfam in Timor-Leste, and the views expressed in this publication do not necessarily reflect those of the New Zealand Government.

About Oxfam in Timor-Leste:

Oxfam in Timor-Leste (OiTL) is part of a global movement that fights against inequality, poverty, and injustice.  Oxfam works in more than 60 countries in partnership with over 3,500 organizations to deliver 22 million programmes. Over 50 percent of those working with us are women and girls.

Oxfam has been working with the Timorese people for almost 50 years. We are an organization focused on rights and a leader in our partnership model, to enable our partners to conduct activities in rural communities. One of our objectives is to advance our work to influence development challenges such as land rights and economic diversification.