Financial Services for Mitigating and Adapting to Climate Risk

Climate change is projected to have severe economic impacts on low-income households globally as changes to systems of production alter their livelihoods and more frequent and intense climate shocks upend their lives. Financial tools support investments in livelihoods, provide security in the event of a shock, and promote resilience in its aftermath, but the emerging climate crisis represents specific challenges for financial services. For instance, large swaths of the global population need to invest in climate-resilient housing and adapt livelihoods to changing environmental conditions while financial service providers need to innovate business models to account for changing levels of risk.

Currently, there is not enough demand or supply side information, or data on the impact of government policies, to be able to offer stakeholders lessons about consumer needs in this landscape and what products and services are effective at meeting them. Financial Inclusion Week content on this topic delves into what is needed to fill that information gap and provides lessons from organizations working to help low-income households become more climate resilient.

WEBINAR: Serving Low-Income Households Impacted by Climate Change

A conversation with experts and practitioners focused on demand, supply, and policy issues as they relate to climate change and low-income households. A moderated conversation followed, during which the speakers and host discussed how these topics intersect, and how their intersections can be helpful starting points for solving problems for low-income households.

Calum Scott, Global Impact Director, Opportunity International Australia
Dileimy Orozco, Senior Policy Advisor, E3G
Michael Hamp, Lead Technical Specialist for Rural Finance, Markets and Enterprises for the Asia and Pacific

WATCH

"Climate change is going to be a huge factor in keeping people in poverty and pushing people into poverty."
Calum Scott, Global Impact Director, Opportunity International Australia

PODCAST: The Challenge - Climate Change and Its Impact on Emerging Markets

Eric Noggle interviews a leading expert on climate change — Sarah Gammage of The Nature Conservancy — to discuss climate change trends, their disproportionate impact on emerging markets, and how these impacts are manifesting themselves. Additionally, this interview included a conversation of systems change: what it is, why it is important, and what it means for how we should think about mitigation in low-income communities

Eric Noggle, Senior Research Director, Center for Financial Inclusion
Sarah Gammage, Latin America Policy Director, The Nature Conservancy

LISTEN

"Incentives have to be aligned: farming households need returns that value nature and generate income."
Sarah Gammage, Latin America Policy Director, The Nature Conservancy

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