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The climate finance system is failing to respond to the triple crises of poverty, climate and nature. Going further and faster on climate action requires a whole-of-society response and more, and better climate finance that reaches local levels. So, what needs to change? This briefing sets out some principles for reforming the current climate finance system.
This new report from the Center for International Environmental Law: "Funding Our Future: Five Pillars for Rights-Based Climate Finance" explores how climate finance can advance the principal goals of the UNFCCC and the Paris Agreement and protect human rights. Adequate climate finance must flow from those developed countries most responsible for the climate crisis to those developing countries least responsible for it, yet most adversely affected by it. Funding must reach those most in need, without creating new debt or compounding existing inequalities.
This research paper shares findings from a large-scale randomized control trial conducted in Kenya, Tanzania, and Uganda. The paper describes the poverty profile of community members that participate in CRS' Savings and Internal Lending Communities and shows that CRS is reaching the very poor. Additionally, communities that paid for SILC services through Private Service Providers achieved greater resilience than those that received subsidized support through the traditional field agent approach.
About SILC Innovations
A randomized control trial evaluation found that savings-group agents who operated on a fee-for-service basis showed higher variability and formed fewer groups on average than project-paid agents over the same period.
A randomized control trial evaluation shows that savings groups supported by fee-for-service agents significantly outperform groups supported by stipend-paid agents on a wide range of key financial and membership measures.
The report demonstrates how microfinance can be further leveraged to provide a powerful tool to address one of India’s persistent barriers to the economic advancement of the poor: ill health caused by lack of access to health services.
In this paper, Dr. Pascaline Drupas and Jonathan Robinson used data from a field experiment in Kenya to explore why providing individuals with simple, informal savings techniques can increase investment in preventive health and reduce vulnerability to health shocks.
In this paper, we report the initial results of two rounds of a large survey of households in Kenya, the country that has seen perhaps the most rapid and widespread growth of a mobile money product—known locally as M-PESA—in the developing world.