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.
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