![]() Together, the Task Force developed the framework presented in this infographic to provide an actionable way for stakeholders to understand the DF4CR opportunity and the concrete solutions that can grow climate resilience among vulnerable people in emerging markets. The campaign aims to build the resilience of 4 billion people from vulnerable groups and communities against climate risks. BFA Global is a partner under the UN Race to Resilience campaign, led by the High Level Champions. To understand the opportunity for digital finance and fintech to power greater climate resilience, BFA Global convened a Task Force of climate and financial service experts, including World Resources Institute, CGAP, PayPal, and the team of the UN Race to Resilience campaign. Even as access to resilience solutions lags, digital finance innovations have been able to reach many climate vulnerable populations. While this imbalance is troubling, technological advances and increased reach of digital services offer an opportunity for climate resilience solutions to help vulnerable people anticipate, adapt, and build resilience to the physical impacts of climate change. Unfortunately, many of these exposed populations lack access to solutions and resources, like financial services, that can help mitigate their greater exposure to the negative impacts of climate change and enable them to participate in the climate transition. However, the effects of these impacts are concentrated among those who are dependent on natural resources, the poor and vulnerable, and those in particular geographies, like urban settlements and coastal regions. Lasting droughts, soaring temperatures, wildfires and other extreme weather events are threatening the lives, livelihoods, and assets of people globally. Millions of people around the world are already experiencing the negative effects of climate change.
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