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Oxfam: Why only 35 billion USD is genuine climate finance

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Published: July 9th, 2024,
Last updated: May 28th, 2025

Überschwemmung in Assam, Indien. Entwicklungs- und Schwellenländer brauchen Milliarden-Summen für die Bekämpfung und Anpassung an den Klimawandel.
Flooding in Assam, India. Developing and emerging countries need billions to combat and adapt to climate change.

Oxfam identifies only 35 billion dollars from international climate finance as actual support for poorer countries. According to Oxfam, more than two-thirds of the 116 billion dollars paid by industrialized countries in 2022 for climate finance, as reported by the OECD, cannot be considered genuine support. This is because they either need to be repaid or lack a clear climate focus.

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Oxfam