According to Oxfam’s report In 2020, only $11.5 billion of climate finance from rich countries went to help poor countries adapt to extreme weather, despite the increasing number of climate change-related disasters. According to Nafkote Dabi, head of international climate change policy at Oxfam, this amount is very low. In the United States, people spend four times as much a year to feed their cats and dogs, he added to give an idea.
According to the promise made by the developed world in 2009, the developing countries should have received 100 billion dollars in financial support aimed at solving climate problems from 2020 onwards, but this promise has not been fulfilled so far, in 2020 the affected countries received only 83 billion dollars.
According to estimates, the amount of aid received this year will already exceed 100 billion dollars, however, according to Oxfam standard estimates overestimate the actual amounts, as some of the money has been taken from existing overseas aid budgets, and in many cases some of the money spent on the climate problem includes funds that are primarily used for development projects such as health and education, which contribute only tangentially to climate protection . Oxfam’s report also criticizes the fact that these funds are mostly provided by rich nations in the form of loans and grants.
Subtracting all these amounts leaves only $21-24.5 billion of the $88 billion for pure, unconditional climate finance
– says the report, which will certainly provide a good basis for negotiations at the UN negotiations to be held in Bonn prior to the Cop28 climate summit starting on November 30.
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