# Absa in Mauritius plans to nearly quadruple funding for green projects by 2030 to support the island nation’s emissions reduction goals. Moneyweb reports the unit of South Africa’s third-largest bank by assets, Absa Group, intends to increase green loans to close on 6.2- billion-rand from 1.65-billion-rand at the end of last year. Mauritius has set an ambitious target to cut greenhouse gas emissions by 40-percent by 2030 to curb the effects of global warming. Rising incidences of flooding, drought and coral bleaching threaten both marine life and its vital tourism industry.
Absa in Mauritius plans to nearly quadruple funding for green projects by 2030