Microfinance “business as usual” is not the climate action that we need

By Johan Bastiaensen

The urgency and profoundness of the climate crisis begs serious thought about the spending of climate related international donor and investment funds. Our research group at the Institute for Development Policy argues that these should be used to sponsor transformative pathways out of the upcoming climate crisis rather than focusing mainly on useful but ultimately insufficient band-aids to help some adapt to the worst of its consequences. Especially rural and agricultural microfinance institutions could play an important role in the transformation and restoration of the current socially distorted and ecologically disastrous agricultural model. Continue reading “Microfinance “business as usual” is not the climate action that we need”