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Alt-credit and mobile-money apps give African fintechs a closeup view of climate risks – and opportunities. Financial technology firms have leveraged billions of data points across mobile phones and social media to transform loan underwriting for the emerging consumer class. In turn, data from those users is providing fintech service providers real-time insight into something else: the accelerating climate impacts on farmers and rural communities and the urban poor. In Africa, demand for climate data is growing across supply chains to underwrite micro-insurance for farmers and logistics operators, hedge supply-chain risk, and also create a variety of derivatives and other sophisticated products. “Fintech can supercharge the reach and affordability of solutions that have the potential to reduce the exposure of climate vulnerable populations and help them with preparedness,” says
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European Energy Insights - February 2021
29 Jan, 2021 Author Corey PaulMaya Weber
Efforts in Europe to curtail financing of international fossil fuel infrastructure development received a substantial boost from the Biden administration s broad climate executive order rolled out Jan. 27.
A provision in the order directed U.S. treasury and energy secretaries to work with two key financing entities the Export-Import Bank of the United States and the U.S. International Development Finance Corporation to identify steps through which the U.S. can promote ending international financing of carbon-intensive fossil fuel-based energy while advancing sustainable development.
Scientific American
Items include permitting for fossil fuel infrastructure and creating jobs to clean up pollution
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National Climate Advisor Gina McCarthy and Special Presidential Envoy for Climate John Kerry answer questions during a press briefing at the White House on January 27, 2021 in Washington, DC. Credit: Drew Angerer
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President Biden launched one of the strongest climate policy platforms in U.S. history with a series of executive orders yesterday.
The moves made addressing climate change a national priority on par with battling the pandemic and revitalizing the economy.
“It’s about workers building our economy back better than before,” Biden said before signing the order. “It’s a whole-of-government approach to put climate change at the center of our domestic, national security and foreign policy. It’s advancing conservation, revitalizing communities and cities and on the farmlands, and securing environmental justice.”
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