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The Urgent Need to Address Climate Impacts on MSMEs: Recommendations for Designing Right-Fit Tools and Solutions
Micro, small and medium-sized enterprises (MSMEs) provide a critical link to goods and services while generating income for millions of households around the world. But as Bethany Kanten at Mercy Corps Ventures points out, these businesses remain underserved in several areas that are limiting their resilience to key challenges – including climate change. She shares new research based on interviews with hundreds of MSMEs in Africa, which reveals the opportunity for innovators, investors and funders to positively impact these enterprises with climate solutions.
- Categories
- Environment, Investing, Telecommunications
- Tags
- climate change, innovation, MSMEs, research, startups
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Zero Waste vs. Climate Change: Why Waste Reduction Offers a Key Opportunity for Climate Action Through Private Enterprise
With the climate crisis growing increasingly urgent, pressure is mounting to find easily implementable, affordable solutions that yield fast results. As global leaders gather at the COP27 climate conference, waste reduction and management are increasingly seen as one such solution. According to Claire Arkin at GAIA, one reason for the enthusiasm around the waste sector’s climate potential is that it offers massive scope for business innovation. She discusses the connection between waste and climate change, and highlights some of the business models that are converting this global challenge into an opportunity for impact.
- Categories
- Environment, WASH
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To Stop Climate Catastrophe, Invest in Clean Cooking: Exploring the Lack of Funding – And Signs of Progress – In the Industry
As devastating heat waves and wildfires become an unwelcome part of summer around the world, it's clear that climate change is no longer a future risk we need to prepare for, but an ongoing crisis we need to navigate. To tackle this challenge, Dymphna van der Lans at the Clean Cooking Alliance argues that the world needs to phase out inefficient, greenhouse gas-emitting cooking methods like wood- and charcoal-burning fires – but for that to happen, funders will need to step up. She explores the lack of funding that has typically plagued the clean cooking sector, and discusses some promising signs of growing momentum.
- Categories
- Energy, Environment
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Cashing In on Sustainability: A Blended Finance Program Aims to Fight Climate Change by Catalyzing SME Investment in the Peruvian Amazon
Peru has lost an average of 100,000 hectares of rainforest per year since 2006, as illicit, extractive businesses are pushing the Amazon ecosystem closer to total collapse. But as Luis Garate at USAID CATALYZE Peru and Rocio Perez Torres at Palladium point out, without access to financing, the sustainable small and medium-sized enterprises (SMEs) that could take the place of illegal, extractive businesses are often left out of market growth. They discuss how CATALYZE is partnering with private sector financial service providers and investors to mobilize capital for sustainable SMEs in this vital region.
- Categories
- Environment, Investing
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From One Crisis to Another: Using Data from COVID to Meet the Looming Challenge of Food Insecurity
Due to a tragic combination of events, countries around the world are facing a widespread and serious food shortage, with the number of severely hungry people projected to swell to 323 million over the course of 2022. Scott Graham, Andree Simon and Anahit Tevosyan at FINCA share data – initially gathered to inform FINCA's COVID-19 response – that shows the impact of this crisis on low-income customers. They explore how financial inclusion organizations can adapt their support to help customers stave off the worst effects of the escalating food crisis.
- Categories
- Agriculture, Coronavirus, Environment, Finance
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Climate-Resilient Architecture: The Key to Combating Heat Stress in India
Global warming has increased the intensity of heat waves over the last few decades. And in India and other emerging countries, extreme heat is a particularly serious problem, as only 8% of the 2.8 billion people living in the world’s hottest regions have air conditioners. But according to Krati Airan and Rohang Mishal at Villgro Innovations Foundation, the problem won't be solved by simply expanding access to air conditioning, which is expensive and energy-intensive. They explore the impact of climate-resistant architecture in addressing heat stress in the world’s hottest – and most economically vulnerable – countries.
- Categories
- Environment
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A Roadmap for Scaling Up Renewable Energy in Island Nations: Three Success Factors for the Eastern Caribbean’s Transition from Fossil Fuels
The Eastern Caribbean has struggled in recent years, as natural disasters – combined with the COVID-19 pandemic – have caused a precipitous drop in the tourism revenues it depends on. But as Pepukaye Bardouille at the IFC explains, transitioning to renewable energy could help address this challenge, reducing the region’s cost of electricity, supporting its climate resilience, limiting its dependence on imported fossil fuels, and producing jobs outside the tourism sector. She presents three success factors for achieving this transition – insights that could also be applicable to other island nations.
- Categories
- Energy, Environment, Investing
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Redefining ‘Business as Usual’: Three Ways to Overcome Barriers to ESG and Climate Finance
Climate change imposes significant costs on the economy, and addressing the crisis is key to businesses’ long-term success and viability. But as Roger-Mark De Souza at Pact explains, despite the growing urgency of the need, the business case for moving toward sustainability – and the fact that up to 80-90% of investors want to invest in socially and environmentally friendly ways – actual green investing hovers at just 10%. He explores the reasons for the gap between investor interest and action, and proposes three ways to address it.
- Categories
- Environment, Impact Assessment, Investing
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