Briefs

Carbon Inequality Kills

Why curbing the excessive emissions of an elite few can create a sustainable planet for all

Climate Finance Unchecked: How much does the World Bank know about the climate actions it claims?

Oxfam finds that for World Bank projects, many things can change during implementation. On average, actual expenditures on the Bank’s projects differ from budgeted amounts by 26–43% above or below the claimed climate finance. Across the entire climate finance portfolio, between 2017 and 2023, this difference amounts to US$24.28–US$41.32 billion. No information is available about what new climate actions were supported and which planned actions were cut.

Now that the Bank has touted its focus on understanding and reporting on the impacts of its climate finance, it is critical to stress that without a full understanding of how much of what the Bank claims as climate finance at the project approval stage becomes actual expenditure, it is impossible to track and measure the impacts of the Bank's climate co-benefits in practice.

The Bank should improve its reporting practices, undertake a climate finance assessment on closed projects, standardize how it reports on climate finance in projects and create a public climate finance database.

A webinar was hosted on October 17, 2024 to launch this report and you can access the recording here.

This page was updated on November 1, 2024 to address an error in the accompanying data. This change has no impact on the findings of the report.

Food Wars: Conflict, Hunger, and Globalization, 2023

Most wars of the late 20th and early 21st centuries have been “food wars”: food and hunger were used as weapons, food and food-related water and energy infrastructure were damaged intentionally or incidentally, and food insecurity persisted as a legacy of conflict destructiveness. Frequently, food insecurity, in turn, is a trigger or underlying cause of conflict. This paper analyzes 54 active conflict, refugee-hosting, and conflict legacy countries with populations in 2023 facing “crisis-level” acute food insecurity, i.e., at Integrated Food Security Phase Classification (IPC) 3 or higher. In total, nearly 278 million people in these countries faced crisis-level hunger in 2023, accounting for 99% of the global population at IPC 3+ (281.6 million people).

Analysis indicates that war-displacement-hunger crises occur in countries that continue to rely heavily on primary product exports. Paradoxically, peacebuilding efforts have often assumed that economic liberalization offers the best or only pathway to sustainable peace. Yet struggle for control over fungible primary commodities can fund more violence, increased inequality, continued instability, and the risk of renewed conflict.

Agricultural export commodities are important sources of revenue for smallholder farmers and governments in conflict-affected, food-insecure countries. The conflict implications of export- and food-crop value chains are therefore crucial for future food-wars policy discussions and actions. Some efforts seek to link export crops to efforts to achieve peace, sustainable livelihoods, and environmental restoration. Other proposed solutions focus on adopting more holistic national development strategies, including food-systems approaches that protect and promote the right to food and livelihood security, as well as policy approaches and frameworks that might more effectively consider conflict, globalization, and climate change in food and nutrition policy.

Vetoing Humanity: How a few powerful nations hijacked global peace and why reform is needed at the UN Security Council

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 Republic of 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 spiraling humanitarian consequences of protracted conflict.

Sector Profile: Retail

Publicly listed retail companies are some of the country’s most lucrative and diverse, yet data shows that they drive inequality across all four pillars we analyzed – People, Power, Profits, and Planet.

Sector Profile: Pharmaceuticals

A closer look at the United States’ largest publicly listed pharmaceutical companies’ financial, human capital, and carbon emissions disclosures suggests risks and impacts to communities and the planet through Power and Profits.