Carbon offsetting allows a net-positive carbon emitter to pay a net-negative emitter to offset their emissions, by trading carbon credits representing one ton of greenhouse gas. In theory, this system can help the world account for the unavoidable gasses emitted in the transition to a low-carbon economy. But as Kavit Borkhataria at AlliedCrowds explains, in practice, it's hard to confirm if carbon reduction projects are actually delivering the emission reductions they claim. He discusses some tech-fueled innovations that can boost transparency and push the market forward.
Surveying the Landscape for Social Investments in Africa: A Major New Study Assesses the Current State of Play on the Continent
The social investment sector in Africa is dynamic and growing – but it’s struggling to close the enormous Sustainable Development Goals financing gap. The African Venture Philanthropy Alliance (AVPA) explored the opportunities and obstacles facing social investors on the continent in an ambitious new study, “The Landscape for Social Investments in Africa.” NextBillion interviewed AVPA’s CEO, Frank Aswani, to discuss the study’s findings, and what they say about the current state of social investment in Africa.
Innovation for Adaptation: How a New Fund Is Helping Service Providers Navigate the Challenges of COVID-19
The impact of COVID-19 has been amplified at the local level in Kenya and Rwanda, where non-profit service providers working with vulnerable populations are finding it more difficult to support their beneficiaries. Michael Kiema and Linda Ndungu Wambua at Instiglio explore learnings from the COVID-19 Adaptation Fund, which is providing funding to nine qualifying service providers to help them implement innovations that will support their efforts to serve beneficiaries during the pandemic.
A Tentative Recovery: Survey Data Shows Signs of Progress – and Warnings of Future Distress – Among Kenyan Farmers During COVID-19
It’s estimated that over 50 million people are in need of immediate food assistance in the Horn, East and Central Africa. As the COVID-19 pandemic continues into 2021, Kenyan farmers’ ability to weather this crisis is at the heart of the region’s recovery, say Venu Aggarwal and Kelsey Jarrett at 60 Decibels. They share data 60 Decibels has collected from thousands of Kenyan farmers, revealing both slight improvements since the early days of the crisis, and the danger of more severe, longer-term financial distress.
Ensuring That Women’s Financial Access Is Not Another Casualty of COVID-19: The Value of Agent Banking
As COVID-19 continues to ravage global economies, the existing gender-poverty gap is set to widen: UN Women projects that for every 100 men aged 25-34 in extreme poverty due to the pandemic, 118 women of the same age will be living in extreme poverty this year. Peris Mburu at FSD Africa explores why agent banking is a promising solution to this growing challenge – and how its benefits can extend beyond access to finance.