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By 2050, local weather change results are anticipated to trigger the inner displacement of 216 million individuals (IOM, 2023); sea degree rise of a number of ft and related flooding in New York Metropolis and different world coastal cities (Oppenheimer et al., 2019; NY DEC, n.d.); and water stress for greater than 70% of the world’s inhabitants (FAO, 2021), amongst different social, financial and environmental impacts. In different phrases, local weather change results will financially impression almost everybody within the coming a long time.
Monetary companies suppliers (FSPs), policymakers, the donor group and suppose tanks are more and more all in favour of how girls’s monetary inclusion can improve particular person or household-level resilience to the impacts of local weather change. Whereas the scientific group has developed a robust physique of proof quantifying the impacts of local weather change on the atmosphere, and the disproportionate results on traditionally marginalized teams, together with girls, there’s nonetheless a big hole within the proof base on how local weather change will impression individual-level funds and monetary well being amongst low-income girls, households and small companies (Miller, Krishnan & Ruiz, 2023; Notta & Zetterli, 2023; UNSGSA, 2023).
As a corporation particularly targeted on pursuing girls’s financial safety and prosperity, Girls’s World Banking is raring to assist shut this hole and establish proof of local weather realities particular to low-income girls. Our goal is to, assist girls as they adapt their monetary lives within the face of those of those climate-related impacts and advocate for a gender lens in monetary companies design and supply—in addition to in conversations, investments, grants and policy-related to local weather change and its financial impacts.
This analysis agenda articulates 4 alternatives to shut the proof hole on the impacts of local weather change to girls’s monetary inclusion, and highlights key actors, subjects and monetary merchandise and channels that may allow higher monetary resilience amidst local weather impacts on girls.