In the past year, we've seen a vicious backlash against “ESG” (environmental, social, and corporate governance measures meant to hold companies to account). Now, in the wake of midterm elections that left us with a divided Congress, the agency charged with ensuring corporate transparency faces fierce political headwinds.
At COP27, Oxfam will advocate for rich nations and big polluters to deliver adequate and fair climate financing to developing countries (which did the least to cause the climate crisis, but are experiencing the worst impacts). Currently, climate financing schemes from developed countries are burdening developing countries with debt and limiting sustainable development for millions.
For 30 years, the UN has convened COP (Conference of the Parties of the UNFCCC) to “effectively tackle the global challenge of climate change.” This year, in the face of relentless global warming and more severe climate disasters, we ask, what do we really need to do to “effectively tackle” the threat to our world? One answer is clear, but not easy.