Need More Women In Power Postions For Climate Finance: Leaders At Glasgow COP26

COP26 Glasgow women leaders: With the climate change discussions taking centre stage at international meetings now, the need for more women leaders to take top ranks of institutions dealing with climate finance is also needed. This proposal of a more gender balance in such organisations will be presented by the group on November 3, tomorrow at COP26 in Glasgow, Scotland.

The Conference of the Parties (COP) is an annual global climate summit by the United Nations. The one being held in Glasgow this year is the 26th such summit, where at least 200 countries will come together to discuss climate change issues including India.

According to Amanda Blanc, the Chief Executive of Aviva, a British company, and the Chair of Climate Action Group, more women are needed at the top levels in the multilateral organisation. This will improve climate-related investment and decision-making. Along with this inclusion, the group will demand a "global framework for reporting gender data."

Amanda Blanc is born and brought up in Wales. The CEO of the UK's leading insurer company was appointed by the HM Treasury to the role of Women in Finance Charter Champion and later she became a member of the Financial Services Trade Advisory Group by the United Kingdom Government.

The demands of the group are being made on the basis that about 80 percent of the people displaced by climate change issues are women but only 19 percent of the members of the International Monetary Fund (IMF) and World Bank are women. "If women are 51 percent of the population, is it that unreasonable to expect that the number greater than 19 percent," said Blanc in an interview with Reuters. According to her only 30-40 percent of the inclusion of women can make the representation look fair.

The Women in Finance Climate Action Group, who will be making this appeal also include, Sarah Breeden, who is the Executive Director of the Bank of England; Alison Rose, who is the CEO of NatWest; Irina Ghaplanyan, a senior advisor at the World Bank; and Tanya Steel, who is the CEO of the World Wildlife Fund (WWF) the UK.

These women highlighted the case of Nafika, a mother from Mgwase village in Tanzania, who grows leafy vegetables, maize, onions and tomatoes. In cases of drought, her yield reduces by 90 per cent and has worsened her family's condition for three consecutive years. This case is shown to prove that in most developing societies, women are the breadwinners of the family and work in the food production field, which gets worst due to climate issues.

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