Content about: microfinance

It is going to be more and more imperative that countries around the world and people everywhere (nobody is excluded from this) will need to learn to cope with the impacts of climate change. What is really needed is money to help strengthen the capacity and the ability of poorer people with lower livelihoods through education and intermediate levels of technology to strengthen their livelihoods and their economy. “We should be able to help strengthen the capacity and the ability of poorer people with lower livelihoods” Prof. Ian Burton says. Micro insurance would help people in the period of risk and it could be provided in a manner which would encourage people to take adaptive actions. “It is an idea both of spreading risks and of helping to promote the idea of adaptation” Prof. Burton explains.

What do we mean when we talk about adaptation to climate change? And in which way could Microfinance play an effective role for strategies to face Global Warming impacts in developing countries?
Shardul Agrawala, OECD Environmental Directorate answers to Climate Science&Policy’s questions during the International Workshop “The Social Dimension of Adaptation to Climate Change” in Venice.
Microfinance – Mr. Agrawala explains – is essentially the provision of loans and other financial services to the poor sections of the society; its effectiveness in responding to Climate Change impact demands attention to small project with a focus on local programs, specially in Developing Countries. The way in which the international community will be able to deliver loans for this small project is a big challenge for our the future and our capability to face Climate Change impacts