Advancing innovative and inclusive tech solutions for the climate resilience of vulnerable people and the planet
ABOUT THE ALLIANCE
The Climate Innovation for Adaptation and Resilience (CIFAR) Alliance, formerly known as the DF4CR Task Force, was initially convened in 2021 to determine the opportunity for the digital finance industry to enable access to climate resilience solutions, and to chart a path to scale up an innovation ecosystem for this emerging sector.
In 2021, the Alliance’s knowledge products and activities were the first explorations of how digital finance can enable access to climate resilience technologies for low-income, climate-vulnerable populations globally.
The mission of the Alliance is to accelerate responsible innovation in digital finance for climate adaptation and resilience. This work continues to ramp up in 2022, as we approach COP27 in Egypt.
THE FRAMEWORK FOR ACTION
In 2021, The CIFAR Alliance, coordinated by BFA Global and made possible by financial support from PayPal, convened experts from UNCDF’s Better Than Cash Alliance, the Consultative Group to Assist the Poor, PayPal, the United Nations’ Race To Resilience, and World Resources Institute to understand the opportunity for digital finance and fintech to power climate resilience. Access the Framework for Action here.
In 2021 the Alliance published an investment brief detailing eight investment theses to guide capital allocation by early-stage, venture, and catalytic investors into the digital finance for climate resilience ecosystem.
CIFAR is pronounced "see far", reflecting our vision to anticipate and build resilience to long-term challenges
"Around 400 million years ago, some fish began leaving the water and adapting to life on land. In open air, these pioneers—our ancestors—could see over much longer distances than they could in water. Scientists think that this change spurred the evolution of advanced mental abilities, like planning and strategic thinking. Instead of simply reacting to whatever was directly in front of them, they could be proactive. By seeing farther, they could think ahead and expand their minds."
From An Immense World, by Ed Yong
H.M. Queen Máxima of the Netherlands
United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA)
“Digital financial services have significant potential to help households and businesses protect against and manage climate risks.. we urgently need more solutions that can scale. I welcome the Digital Finance for Climate Resilience Framework for Action to rally innovators, providers, and investors, as well as to accelerate the development of much-needed innovations in this sector.”