Microfinance and climate change: Threats and opportunities

Abstract

Changes to the world’s climate that were once imperceptibly slow are now clearly visible and happening quickly. Dying coral reefs, the disappearing arctic ice sheet, and proliferating invasive insects in temperate zone forests are among the most visible signs, but countless less dramatic phenomena show that climate change is real. The changing climate is part of a new global environment that impacts all countries, economies, sectors, and people. Microfinance, like everything else, will not be spared.