Responsible Finance Forum

Microfinance and Climate Change

Passe Relles
01 April 2015
Source:  ADA

2015 is one of those years during which, global high-level meetings seem to succeed each other at an incredible pace. This year marks wrap up of the landmark UN Millennium Development Goals, which world leaders agreed on 15 years ago. There has been signifcant progress in meeting the targets, however, a lot still lies ahead. In order to adopt the post-2015 development agenda, the UN plans a World Summit from 25 to 27 September in New York.

The summit will be preceded by the Third International Conference on Financing for Development, which will be held in Addis Ababa, Ethiopia from 13 to 16 July. The expected result of the conference is an intergovernmental, negotiated and agreed outcome, which should constitute an important contribution to and support the implementation of the post-2015 development agenda. In particular, the UN Secretary General, Ban Ki-Moon, has already estimated the channelling of both public and private sector cash flows into sustainable development initiatives as “crucial for securing an ambitious post-2015 agenda1.”

Finally, at the global level, the 21st session of the Conference of the Parties (COP) to the UNFCCC2 will take place in Paris in December. Much is awaited in terms of outcome from the COP21, in particular clear and ambitious goals to tackle climate change and thus guarantee a sustainable development for all. Setting the agenda for a new global partnership Joaquim Monteiro * At the European level, 2015 has been designated “European Year for Development”. For the frst time ever, the EU’s external action and Europe’s role in the world will be under discussion.

Apart from global initiatives, sustainable development requires an action from all stakeholders. Thus, in this issue of “Passerelles”, we try to provide the reader with some insights on ongoing research and opportunities related to Green Microfnance and attempt to partially answer the question what role microfnance could play in tackling climate change?

Far from being exhaustive, “Passerelles” offers readers some selected perspectives on the topic and invite those interested in sharing their experiences and points of view to submit comments on ADA’s website