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Gender International Finance Climate Change

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A. Rooke
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Are the International Financial Institutions’ (IFIs) commitments to invest renewable energies effective in the reduction of greenhouse gas? How can banks and IFIs better support gendered perspectives in the face of climate change? This note suggests that despite public IFI commitments to invest in renewable energies and commercial bank promises to reduce environmental degradation in collective agreements, both public and private banks continue to invest in oil, gas, dams and biofuel projects that exacerbate climate change. It argues that some private banks now indirectly finance more emissions than entire countries and the impact of these investments affect women disproportionately because of gender disparities in areas like decision making, property rights and access to information.The note details different areas where the IFIs have failed to take into account gendered perspectives including natural disasters, agriculture, disease and care work. For example when a natural disaster occurs in a country where women face social and economic disadvantages, women die more often than men. However IFI reconstruction investments in post-tsunami Indonesia found that no Multi Donor Trust Fund (World Bank-administered project) include gender equality goals in the project objectives, and most projects fail to integrate gender issues in their analyses of the project’s social context and monitoring and evaluation. Recommendations include conducting gender-sensitive research and advocacy on climate change, ensuring IFI and commercial banks investments improve women’s access to and control over natural resources, land, climate change planning and governance processes, and developing climate change indicators that account for gender disparities in formal and informal labour sectors, care work, land ownership and energy usage.

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