Oxfam calls for £34 billion to help poor nations cope with climate change

Oxfam is calling on industrial polluters to pay green taxes of £34 billion (US$51 bn) annually to help poor countries handle climate change.

Contributions would build flood early warning systems and provide seeds for drought-resistant crops.

"With a global financial crisis unfolding, these mechanisms could raise enough money from polluters without governments having to dip into national treasuries. Billions of dollars can be raised and invested to prevent future climate change and to help poor people adapt to the negative impacts of global warming," said Heather Coleman, Oxfam's senior climate change policy adviser.

Nations are meeting in Poznan, Poland to discuss a new climate change agreement to replace the Kyoto Protocol.


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