CLIMATE FINANCE

 

Climate finance is one of the key adaptive strategies for WOCCU. Cooperative financial institutions are uniquely positioned to contribute to sustainable climate actions that are locally led and valued. WOCCU engages with credit unions to build awareness of, design, and implement climate finance strategies, pulling from WOCCU’s newly established Climate Action Initiative to exchange learning. Furthermore, we catalyze climate action at scale through international partnerships with financial coops, fintech, multilateral organizations and others.

What We Do

WOCCU and credit union partners have already taken initiatives in climate change response programs including:

REFORESTATON

Cooperacion Verde in Colombia invests in reforestation, responsible forestry value chains, soil health and resilient livelihoods.

SOLAR ENERGY

Sicredi in Brazil finances solar energy projects with 4,000 installations through May 2023.

WATER MANAGEMENT

KUSCCO in Kenya has tested climate adaptive financing to agriculture value chains and is exploring innovative finance solutions in water management.

 

THE ROAD AHEAD

WOCCU is exploring solutions with financial cooperatives and credit unions to create incentives in product features to encourage farmers and MSMEs, including women, to implement climate adaptation measures, including solar pumps for irrigation, renewable energy and climate-resilient seeds.