Asia is particularly vulnerable to climate hazards including extreme temperatures, flooding, droughts, cyclones, and sea level rise. The most vulnerable communities need financial support to help adapt to the climate crisis – they cannot do so alone. Developed countries have promised $100 bn in climate finance to developing countries every year until 2025.
This promise has not been met. Asian countries have outlined the support they require and delivering on these needs is integral to bringing climate justice to those most vulnerable to – yet least responsible for – the climate crisis. We find that the climate finance provided to Asia is woefully inadequate to support the necessary adaptation actions and vulnerable communities are suffering as a result.
Topic:
Climate Change, Environment, Finance, and Climate Finance
International humanitarian agencies and donors have made a series of global commitments to local actors as part of the localization agenda, including to increase their access to greater direct funding by 2020. This briefing paper reviews 2015 national financial data for Bangladesh and Uganda to better understand how to target international investments in localization. It presents key findings from Oxfam-commissioned research on which factors affect local actors’ ability to access international humanitarian funding. It concludes that in order for global commitments to translate into practice, investments should look at changing the terms of the funding relationship, as well as be based on a context-specific, national analysis of the financial environment.
The new Asian Infrastructure Investment Bank (AIIB) will be a major new funder of infrastructure in developing Asia, where demand for power is growing faster than any other region in the world. Done right, its energy lending could promote an inclusive and sustainable Asian energy transition. This report sets out a vision for an AIIB partnership with the region’s most climate-vulnerable countries. This could forge a new path of economic development and confirm a new era of Southern climate leadership.
Topic:
Climate Change, Environment, Natural Resources, Infrastructure, Sustainable Development Goals, Fossil Fuels, and Paris Agreement
Climate-related disasters and food crises are devastating thousands of lives and holding back development across Asia. A year on from the devastating super-typhoon Haiyan in the Philippines, Oxfam calls for governments across Asia, backed by regional and global institutions and fair contributions from wealthy countries, to ramp up efforts to address these challenges. Without greater investment in climate and disaster-resilient development and more effective assistance for those at risk, super-typhoon Haiyan-scale disasters could fast become the norm, not the exception.
Topic:
Climate Change, Disaster Relief, Environment, Humanitarian Aid, and Natural Disasters