We fund programmes that enhance climate resilience for communities by supporting workers affected by climate change, advancing green economy sectors and sustainable solutions, and hastening innovation in clean energy solutions for productive uses in remote communities.
The challenge
For workers living in vulnerable communities, there are relatively few skills development programmes preparing them for the job market and helping them to find work. Micro, Small, and Medium Enterprises (MSMEs), which collectively employ 45% of the global workforce, are frequently limited in their capacity to invest in innovation and technology.
Climate change further complicates the situation. Increased demand for climate-resilient products and services will require MSMEs to innovate and diversify. At the same time, jobs and business opportunities will be structurally changed by the transition to a greener economy.
Lack of access to reliable and clean energy is another factor limiting livelihoods in rural communities and constraining business options for MSMEs.
Our response
Investments in jobs, MSMEs, and access to clean energy for communities are key ingredients of a fair and just transition. These investments contribute to enhancing economic development and prosperity for all.
ln developing countries, Micro, Small and Medium Enterprises generate 33% of GDP
FAIR AND JUST TRANSITION FOR WORKERS
We invest in organisations that lead skilling programs and build labour forces so that they can benefit from green job opportunities. We aim to scale training for underrepresented groups such as women, youth and minorities, reducing the inequality gap.
We also invest in ongoing reskilling and upskilling initiatives in climate adaptation and green economy sectors with important employment opportunities, such as the commercialisation and installation of clean energies, or analysing data for weather services.
GREEN ENTREPRENEURSHIP
MSMEs generate as much as 33% of GDP in developing countries. They are therefore uniquely positioned to create jobs, unlock local solutions that drive climate adaptation, and build resilience to climate change.
We invest in making MSME operations more resilient to climate risks. In addition, we support MSMEs to develop and bring to market new green business and climate adaptation solutions that benefit vulnerable populations.
GREEN ENERGY COMMUNITIES
We invest in accelerating innovation and providing access to reliable clean energy solutions for rural populations far from the grid where private and public investments are unlikely to occur. Our aim is to increase their climate resilience and improve livelihood opportunities and income.
To provide the most strategic use for our funding in this vast area, we collaborate with clean energy donors and coalitions to scale-up of energy solutions that respond to local needs and support business opportunities, such as the transformation of agricultural and food waste into biofuel and fertilisers, or powering irrigation and drying for smallholder farmers.
adaptation
