On November 1, Inclusiv and SaverLife released the CFCA call to action to mobilize the financial health field to support low-income people and communities to transition to a greening economy. The release took place at a workshop of community lenders on the Greenhouse Gas Reduction Fund, in conjunction with the EPA, the Michigan Department of Environment, Great Lakes and Energy (EGLE) and the Michigan Credit Union League.
Based on interviews with 38 cross-sector experts, the report identifies pathways for organizations to help low-income households respond to the financial strains caused by climate change.
CFCA was launched in spring 2024 by Inclusiv and SaverLife, with support from JPMorganChase. The initiative addresses the increasing financial burdens faced by low-income households in regions across the United States due to severe weather events as well as chronic effects of climate change. Only by mitigating these burdens can low-income households continue to build short-term economic security and long-term wealth. A key goal in CFCA’s work is maximizing clean energy incentives and opportunities for low-income households.
The newly released landscape analysis proposes four major potential Pathways for Action, which CFCA will continue to pursue through research and advocacy in 2025. This CFCA initiative brings together partners from across the financial health sector, leveraging a history of industry collaboration to build capacity and find new ways for working together for social impact.
Read the full report here and sign up for news and updates about the CFCA collaboration led by Inclusiv and SaverLife.