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Oxfam response to UK announcement at the UN climate talks to end support for public funding of coal power plants

Posted by Georgette Thomas Oxfam Media officer, Oxford, UK

20th Nov 2013

In response to the UK's announcement today at the UN Climate Change talks in Warsaw on ending support for publically funding coal power plants Hannah Stoddart, Oxfam's Head of Economic Justice, said:

"The promise to ban UK public money from being used to fund coal power plants overseas is welcome and comes not a moment too soon.  The Government now needs to make good on its promise to push other European countries and the UK's own financial sector to stop destructive investment in this filthy fuel which is accelerating climate change at a time when it is already hurting the world's poor."

On the £50million pledge to the Least Developed Country Fund, Stoddart added: 

"This contribution will help millions of the world's poorest and most vulnerable people prepare for the rapid increase in storms, droughts and other extreme weather events and unpredictable weather linked to climate change.  Ten years since developed countries agreed to 'fully fund' the Least Developed Country Fund, it is unacceptable that less than half of the finance required has so far been pledged. We're pleased that the UK today took steps towards filling that gap."  

Notes to editors: 

The Least Developed Country Fund was set up over ten years ago to fund Least Developed Countries' National Adaptation Programmes of Action (NAPAs) which set out areas of immediate adaptation need.

For further information or interviews in the UK or Warsaw please contact: Georgette Thomas Mob: +44 (0)7824 503108 (in the UK) or Anna Ratcliff: +44 (0) 7796 993 288 / @anna_ratcliff1 (In Warsaw)

Blog post written by Georgette Thomas

Oxfam Media officer, Oxford, UK

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