The world of finance is waking up to the reality of climate change, but money still isn’t getting to the right places
Trade is a critical part of on the ground adaptation efforts that must also be considered, specifically local trade amongst small and medium enterprises which are impacted head-on by climate emergencies. We are seeing communities already vulnerable to shocks affected not only in terms of their resources getting destroyed or depleted but also due to a lack of support systems when this happens.
Local markets in Tuvalu offer trade lifeline on sinking Island
Isolated, Tuvalu turned to improving its internal trade. In October 2020 the Department of Business, with support from the Enhanced Integrated Framework, (EIF) launched the Tau Maketi (your market) initiative to help vulnerable small businesses play a more active role in Tuvalu’s domestic market and make up for diminished foreign demand.
Women play a key role in fighting climate change
Women are 14 times more likely to die from a climate disaster than men. Despite being face-to-face with the problem, women are often not part of the solution.