06 Apr '11, 6pm

Green microfinance is the link between good intentions and real results

Green microfinance is the link between good intentions and real results

There is an upsetting irony to all of this. Microfinance is intended to help the poor. The poor are often the most affected by climate change. Yet, some microfinance programs actually further contribute to climate change… which, again, may disproportionately affect impoverished populations. It should be made clear that in no way are these findings meant to deter supporters of microfinance. Countless people have been empowered and had their lives positively changed through microfinance. Rather, microfinance organizations must embrace green jobs as the opportunities of the future. Green microfinance is now emerging as a chance to both empower people and protect the environment at the same time. “Microfinance and Climate Change” reports that for microfinance customers around the world, cooking and lighting use up the greatest amount of energy. By switching from kerosene to LE...

Full article: http://www.desmogblog.com/green-microfinance-its-time-cle...

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