Financial Inclusion should be a Cornerstone of Climate Action
Building resilience against the devastating effects of a warming climateis impossible without access to savings, lending, payments, and insurancesolutions that help households and businesses to prepare for, cope with, andrecover from increasingly intense and unpredictable climate shocks and stresses,argues Peter Zetterli in his article forthe
ConsultativeGroup to Assist the Poor. Financialinclusion can bolster climate resilience in the low-income communities that arethe least responsible for climate change emissions but often more exposed andvulnerable to their effects. To enabling the poorest and most vulnerable peopleto pursue resilience strategies of their choosing, an inclusive financial systemthat enables adaptation is a necessity for a just transition.
https://www.cgap.org
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