PayPal will support the development of a fintech innovation ecosystem to help vulnerable populations build resilience amid a changing climate by 2030.
The Climate Innovation for Adaptation and Resilience Alliance (CIFAR, pronounced “see far”) is a global initiative working to accelerate responsible innovation in digital finance for climate adaptation and resilience. The Alliance currently has 11 full members and one observer member. PayPal is a founding funder and member of the Alliance.
The CIFAR Alliance aims to provide gender-inclusive climate adaptation and resilience tools and resources directly to 1 billion of the world’s most vulnerable people, as well as mobilize over $25 billion of catalytic public, private and capital market investment in widely scaled solutions by 2030. The experiences, needs and interests of the world’s most affected individuals, small businesses, and natural ecosystems guide the Alliance’s actions, with particular focus on rural, urban, and coastal populations globally.