Growing the green agenda
This Microfinance Gateway article was developed with GreenMicrofinance and informed by an online discussion on microLINKS.
Fishing boatsCan microfinance and environmental sustainability go hand-in-hand? Some in the industry say it’s not only possible, but essential that microfinance works to prevent environmental damage. It is becoming increasingly clear that the impacts of climate change, pollution, poor waste management, and other environmental problems must be part of the long-term approach to economic development. Otherwise, we risk destroying natural resources that are essential for continued economic growth, as well as endangering public health and safety.
Environmental impacts are gaining prominence in the global development agenda and becoming a concern for some national governments and social and environmental investors. Building capacity for green microfinance may in fact be a smart way to prepare for shifting funding priorities and inevitable changes in environmental regulation.
See full Press Release.
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