HSBC-backed platform drives green transition capital to emerging markets amid global risks
HSBC has teamed up with partners to launch a non-profit platform to help emerging markets in upgrading their technology and shifting from oil and coal to renewable energy, according to a senior executive. The Green Accelerator Programme, rolled out on Monday with backing from HSBC, Asian Infrastructure Development Bank, Silk Road Fund and others, will channel private capital into feasibility…
HSBC has partnered with various organizations to launch the Green Accelerator Programme, a non-profit platform aimed at driving green transition capital to emerging markets. The initiative will channel private capital into feasibility studies and due diligence for companies and governments in emerging markets that are adopting green technology.
HSBC's chief sustainability officer, Julian Wentzel, highlighted the growing demand for resilient, alternative energy sources due to geopolitical disruptions, such as the Strait of Hormuz incident. This trend has led to an increase in demand for green financing, particularly as global companies seek cheaper and more stable energy supplies.
Hong Kong's role as a critical capital hub and conduit for renewable technology investment has made it a leader in green finance, with HSBC already offering US$102 billion in sustainable finance and investment since 2025, bringing the total to US$495.6 billion since 2000. The bank aims to meet its target of offering between US$750 billion and US$1 trillion in sustainable finance and investment by 2030.
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