Climate crisis: rich nations undermining work to help poor countries, research suggests

Oxfam report says only $11.5bn (9.2bn) of climate finance in 2020 devoted to helping vulnerable states

Rich nations are undermining work to protect poor and vulnerable countries from the impacts of the climate crisis, by providing loans instead of grants, siphoning off money from other aid projects or mislabelling cash, new research suggests.

Only $11.5bn (9.2bn) of climate finance from rich countries in 2020 was devoted to helping poor countries adapt to extreme weather, despite increasing incidences of climate-related disaster, according to a report from the charity Oxfam.