published on blogs.lse.ac.uk, 03.07.2023
Disasters like cyclones and wildfires and slow-onset events, such as ocean acidification and desertification, affect livelihoods and make micro, small and medium-sized enterprises and vulnerable households even higher-risk customers for financial services providers. Ulrich Volz and Peter Knaack write that well-designed inclusive green finance policies could reduce the financial exclusion of vulnerable groups while driving a virtuous cycle of growing resilience and a just transition to a low-carbon, sustainable economy.