The "Advancing Climate Adaptation in the Southern Mediterranean" program aims to increase climate and environment resilience in the Southern Mediterranean countries.

The proceeds of this Green Bond will be used to finance electric mobility, renewable energy, and energy efficiency projects.

Through this funding, the company plans to disburse income-generating loans worth INR 5,000 crore in the next five years, resulting in an overall reduction of four million tones of carbon emission, the firm said in a statement on 3 October.

With the issuance of this Green Bond, Zuoli will finance, amongst others, green buildings and energy efficiency projects in the Zhejiang province.

The workshop will be delivered in English with French and Arabic interpretation.

The pan-African financial institution will use the funds to finance the green transition through sustainable infrastructure in Africa.

Both products offer combined insurance cover against heavy wind and rainfall and are designed to offer immediate financial support after extreme weather events.

The project aims to widen access to finance for the purchase of these vehicles and help strengthen the country's climate finance market, mitigating climate impact and supporting economic recovery in the country.

The survey aims to gain a better understanding of the sector’s current level of development, MFIs’ green microfinance needs, and the extent to which MFIs are complying with local and international standards and regulations.

More than 40 percent of the loan amount was allocated to energy efficient housing projects, i.e. purchase of new energy efficient apartments, as well as individual house constructions and renovations.