Aug 17, 2023
Unpacking the role of financial inclusion in autonomous adaptation to climate change
Financial inclusion can play a critical role in enabling autonomous adaptation and building grassroots resilience to climate change. The CIFAR Alliance hosted a brown bag session to unpack CGAP's research on financial services and climate resilience. The session, led by Wendy Chamberlin and Silvia Baur-Yazbeck, explored existing approaches and identified knowledge gaps in financial services, all in the quest to enhance climate resilience. The discussion revealed that:
An inclusive financial system is a fundamental enabler of adaptation and an absolute necessity for a just transition
Financial inclusion is a key factor in building green resilience
Digital financial services have significant potential to help households and businesses protect against and manage climate risk
Applying a gender lens to work on climate adaptation, resilience, and financial inclusion can lead to women's economic empowerment and, by extension, the achievement of wider global development goals
Watch the recap below.