December 16, 2009
Asif Dowla blogged about his recent White Paper examining the critical role microfinance institutions (MFIs) can play in mitigating the impact of climate change on poor people for the CGAP blog.
As the events at the Copenhagen summit on climate change continue to unfold this week, I think it is important that we look at the relationship between climate change and microfinance.
The microfinance industry has been almost silent about climate change. Even in Bangladesh, where microfinance institutions (MFIs) provide services to more than 30 million households, the industry did not actively participate in the National Adaptation Program of Action (NAPA), which helps less developed countries identify priority activities for responding to climate change.