HSBC-backed platform drives green transition capital to emerging markets amid global risks

World may need up to US$20 trillion over five to eight years to build or upgrade renewable energy facilities, HSBC executive says The Green Accelerator Programme, rolled out on Monday with backing from HSBC, the Asian Infrastructure Investment Bank, the Silk Road Fund and others, will channel private capital into feasibility studies and due diligence for emerging-market companies and governments adopting green technology. “Geopolitical disruptions such as those in the Strait of Hormuz have accelerated demand for resilient, alternative energy sources,” said Julian Wentzel, chief sustainability officer at HSBC, in an interview with the South China Morning Post. This included global corporate transition spending, currently estimated at US$2.3 trillion per year and expected to increase to US$3.6 trillion per year by 2030.

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