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Strengthening Climate Resilience and Adaptation through Financial Services: Research for CGAP’s Climate Resilience Project

Strengthening Climate Resilience and Adaptation through Financial Services: Research for CGAP’s Climate Resilience Project
In Portfolio since 2022
1 year
Value
245,300
Location
Nigeria
Implementation Partners
CGAP

Project description

CGAP’s Climate resilience project aims to offer guidance to financial inclusion stakeholders on the role that financial services can play in helping the vulnerable to reduce the impact of and adapt to specific climate risks.

FSD Africa is supporting the co-creation and testing of a conceptual framework and research methodology for describing, understanding, and researching the nexus between climate and financial inclusion. This framework and methodology is being rolled out in Nigeria and Bangladesh, with the research findings to be shared with national stakeholders in both countries and the global financial inclusion community.

Target Results

  • Created of frameworks and evidence which will inform the climate resilience work of CGAP, FSD Africa and other stakeholders
  • Increased knowledge on the vulnerabilities and coping strategies of communities in Nigeria and the uses of finance to help build resilience
  • Increased impact of financial services on the resilience of climate change vulnerable populations

Progress to date

  • Final research complete with publication and dissemination plan to follow

Project Contact

Juliet Munro
Juliet Munro
Director, Early-Stage Finance

ACV’s impact measurement approach will evolve as we learn more about building businesses in the climate space and partner with new impact investors and actors.


Million
Reduction of 100 million tonnes annually by 2030, at least 30% capture.

Jobs
5000 jobs will be created, protected, and supported with at least 50% women.

Policies
15 Positive policy changes influenced.

 
GBP 34m will be mobilized/catalyzed from the public and private sector for projects designed to address climate change.