As the impacts of climate change escalate, green finance is emerging as a transformative strategy to empower women and spur innovation in environmental protection.
Often bearing the brunt of climate uncertainties, women and vulnerable groups have found themselves on the margins of development. The introduction of green funds aims to give them access to opportunities for economic upliftment and sustainable conservation initiatives.
The central role of women in climate solutions was passionately advocated at the Climate Change Conference at Strathmore University.
Speaking at the event, Dr John Chumo, Chief Executive Officer of MaMa Doing Good, made an impassioned call for the active participation of women in shaping green finance policy.
“Women’s experience with climate-related challenges is unparalleled, positioning them as key actors in driving climate solutions. The path to climate resilience is inextricably linked to the role of women. Therefore, green finance policies must not only recognise them, but wholeheartedly support them,” said Dr Chumo.
Dr Chumo further emphasised the critical need to tailor microfinance lending and investment mechanisms to ensure financial inclusion for women-led enterprises.
These mechanisms, he explained, should include expanded access to credit, strengthened market linkages, seamless provision of inputs, products and services across the value chain, and the creation of employment opportunities.
Notably, the First Lady, Mama Rachel Ruto, has taken up the mantle of fostering a greener future. With a commitment to encourage the growth of 500 million trees, she is aligning herself with the National Tree Growth Restoration Campaign launched by President William Samoei Ruto in December 2022.
MaMa Doing Good, the driving force behind her efforts, is determined to bring women, youth and learners to the forefront of climate action.
The organisation’s initiatives systematically build the nation’s capacity to address the pressing challenges of climate change.
As the world continues to grapple with the impacts of climate change, integrating green finance and amplifying women’s voices are promising pathways to a more sustainable and equitable future.