The Future is Equal

climate pollution

Oxfam says: COP29 deal is a “global Ponzi scheme”

Responding to the COP29 climate finance agreement, in which rich countries agree to mobilize $300 billion a year to help Global South countries cope with warming temperatures and switch to renewable energy, Oxfam International’s Climate Change Policy Lead, Nafkote Dabi, said:

“The terrible verdict from the Baku climate talks shows that rich countries view the Global South as ultimately expendable, like pawns on a chessboard. The $300 billion so-called ‘deal’ that poorer countries have been bullied into accepting is unserious and dangerous —a soulless triumph for the rich, but a genuine disaster for our planet and communities who are being flooded, starved, and displaced today by climate breakdown. And as for promises of future funding? They’re just as hollow as the deal itself.”

Oxfam Aotearoa’s Climate Justice Lead Nick Henry said: “The failure to meet the global need for climate finance is a failure of empathy from the leaders of rich countries.” 

“New Zealand’s climate grants are an essential lifeline for our Pacific region and a positive example of public grants, not debt. Our government needs to continue ramping up this finance to at least meet our fair share of the new global goal.” 

Oxfam International’s Climate Change Policy Lead, Nafkote Dabi continues, “The money on the table is not only a pittance in comparison to what’s really needed –it’s not even real “money”, by and large. Rather, it’s a motley mix of loans and privatized investment –a global Ponzi scheme that the private equity vultures and public relations people will now exploit. The destruction of our planet is avoidable, but not with this shabby and dishonorable deal. The richest polluters need to wise up —and pay up.”

 

Contact information

Rachel Schaevitz in Auckland, NZ | Rachel.schaevitz@oxfam.org.nz | 027 959 5555 
Jeshua Hope in Suva, Fiji | jhope@oxfampacific.org | +679 7500889

COP29 must deliver more than “threadbare promises”

In response to the latest climate finance draft text at COP29, Oxfam International’s Climate Justice Lead, Safa’ Al Jayoussi, said:  

“COP29 must do more than simply repeat the same threadbare promises. Rich countries have spent decades now stalling and blocking genuine progress on climate finance. This has left the Global South suffering the most catastrophic consequences of a climate crisis they did not create. The draft text scandalously misses the crucial element of declaring a clear public commitment to a new climate finance goal.  

“Rich countries, those most responsible for climate chaos, owe $5 trillion in annual climate debt and reparations. This funding must come as grants-based public financing to help communities that need it the most mitigate and adapt to the impacts of climate change and recover from loss and damage. Anything less will simply be a failure. 

“This is not charity – it is an established obligation under international law. It is the bare minimum needed to shield frontline communities from devastation, allow them to rebuild after disasters pass, and ensure their just transition to a sustainable future. The next few days are a credibility test for these climate negotiations and for COP itself. The time for stalling is over. If rich countries don’t deliver, they will go down in history as having chosen profit over people and complacency over courage.” 

Notes to editors

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

Contact information

Rachel Schaevitz in Auckland, NZ I rachel.schaevitz@oxfam.org.nz

Jeshua Hope in Suva, Fiji | jhope@oxfampacific.org | +679 7500889 

Global climate activists rally at Baku’s Olympic stadium with bold “Pay Up!” message

Global climate activists today gathered at Baku’s Olympic stadium —the venue for the United Nations climate talks— to urge world leaders to commit to a new, ambitious climate finance deal. The message “Pay Up!” unfolded across the stadium seats, in perfect sight from the COP29 presidency offices located on the opposite side of the arena. 

COP29 has been dubbed the “finance COP” because setting a new goal for global climate finance and laying out a plan for achieving it is the big battleground issue. Activists and civil society organizations call for the new goal to drastically increase from its present $100 billion a year to $5 trillion a year in climate debt and reparations and to protect communities facing the worst impacts of the crisis. 

“As communities in the Global South bear the brunt of climate disasters, it’s past time for the Global North to pay their share —without saddling us with more loans and debt,” said Marinel Ubaldo, a Make Rich Polluters Pay activist and delegate from the Philippines. “Real climate action means financing solutions that uplift, empower, and sustain our communities, free from the chains of fossil fuels and debt traps.”

Global climate policy experts underscore this year’s conference as one of the most critical since COP26 in 2021.Without more ambitious and urgent action, the world could warm by a terrifying 3.1°C by the end of the century.

Activists are also calling to make rich polluters pay through taxes on fossil fuel-intensive industries and the super-rich. Fifty of the world’s richest billionaires emit more carbon pollution through their investments, private jets and yachts in 90 minutes than the average person does in their lifetime.  

“The world needs leaders who are committed to justice and fairness; this starts with honoring climate finance commitments, taxing the super-rich, phasing out fossil fuels, and holding polluters accountable,” Ubaldo added. “The climate crisis doesn’t pause for politics or profit —it demands swift, decisive, and equitable action now.”

Notes to editors

The organisers are a cross-constituency of climate groups, including Oxfam.

Oxfam’s report, “Carbon Inequality Kills,” tracks the emissions from private jets, yachts and polluting investments and details how the super-rich are fueling inequality, hunger and death across the world. 

Contact information

Rachel Schaevitz/ rachel.schaevitz@oxfam.org.nz

 

Oxfam Aotearoa launches a petition to help farmers curb climate pollution

Oxfam kicks-off the campaign with a petition that supporters will sign to get the New Zealand government to help our largest polluting sector – industrial farming – to evolve to sustainable food production.

Recently, the Climate Change Commission released a report that will be used by the government to plan what New Zealand will do to reduce climate pollution and what target to present at the 2021 United Nations Climate Change Conference (COP26) in Glasgow this year. Despite some progress being made, the government’s current efforts will not do enough to protect us or communities in the Pacific from runaway climate destruction, or make sure that everyone has good, local food in the future.  

Large scale, intensive agriculture is responsible for 48% of New Zealand’s climate pollution. Oxfam Aotearoa’s Campaign Lead Alex Johnston says that right now, the government gives unsustainable farming practices a free pass to pollute, and props up an intensive model that treats farms like factories:  

“The land is overloaded with cows and chemicals that pollute waterways and cause methane pollution to skyrocket. Farmers across the Pacific are bearing the brunt of this inaction with more frequent superstorms and heightened food insecurity. 

“The only way for Aotearoa New Zealand to play our part in keeping within the crucial temperature limit of 1.5°C is if the government does more to reduce farming pollution and help farmers transition to sustainable food production,” says Johnston. 

Oxfam Aotearoa’s aim is to push the government to set a bold international target to cut New Zealand’s pollution by 2/3rds by 2030; bring agriculture into the Emissions Trading Scheme so everyone pays the full price for their pollution; and use the revenue to help farmers shift to regenerative, sustainable agriculture. Johnston says that bold targets are necessary:  

“By finally requiring intensive farming to pay the full price for its pollution just like everyone else, the government would spur investment in lower-impact ways of growing food, and reward farmers that have been doing this for generations with less fertilisers and fewer cows. 

“Revenue generated from big polluters could then fund the advisory services, certification and manufacturing facilities needed to allow any farmer in Aotearoa to transition to diversified and climate-friendly crops and livestock farming. 

“This is an opportunity to adjust our most polluting industry into one that is sustainable, healthy, and positioned for success in the future. And it’s a chance to ensure that farmers on the frontlines of climate breakdown can survive and thrive too.” 

 /ENDS 

Notes to editors  

  • The Climate Change Commission advice would plan to reduce New Zealand’s domestic emissions, reducing net carbon dioxide emissions to 55% below 2010 levels by 2030, and net agricultural methane, 8% below 2010 levels by 2030.  The reductions proposed in agricultural methane are not within the IPCC pathways for staying within 1.5 degrees warming. 
  • The government is also reviewing New Zealand’s Paris Agreement target for emissions reductions by 2030, our ‘Nationally Determined Contribution (NDC)’, which the Commission found to currently be inconsistent with global efforts to stay within 1.5C of global heating. New Zealand is one of the countries yet to increase its NDC target ahead of COP26, the global climate talks in Glasgow in November. This target is planned to be met through a combination of domestic emissions reductions and the purchase of offshore carbon credits.
  • The combined climate plans submitted by countries account to a dismal 1% emissions reduction, which is way off track from the targeted 45% reduction needed to limit global warming below 1.5 degrees, and to avoid disastrous impacts on vulnerable communities.