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Renewable Energy
Philippine Energy Firm ACEN Secures Loan for Renewable Expansion in Australia
Philippine energy company ACEN Corp (ACEN.PS) on Wednesday said its unit ACEN Renewables International (ACRI) signed an A$75 million ($49.22 million) green term…
Offshore Wind Power
UK and South Korea Help Secure Millions for World's Largest Monopile Factory
UK Export Finance (UKEF) and South Korea’s export credit agency Korea Trade Insurance Corporation (K-Sure) have helped SeAH Wind to secure GBP 367 million…
Thermal Coal
HSBC Fund Arm Toughens Thermal Coal Policy to Curb Climate Change
HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an…
Net Zero Emission
HSBC Targets 34% Cut to Emissions from Oil and Gas Clients by 2030
HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% this decade, the bank’s sustainability chief told Reuters, marking the …
Thermal Coal
HSBC Says It will Phase out Financing of Thermal Coal by 2040
HSBC Holdings is planning to phase out the financing of coal used for generating electricity by 2040, the latest bank to commit to ending support for the greenh…
United Arab Emirates
First Green Mortgages Issued in UAE Through HSBC Bank
Climate change has become a global pressing issue and governments and private entities are racing to find new ways to incentivise green investment
Coal Mine
Revealed: UK Banks' £25 billion Support for Global Coal
HSBC, Standard Chartered, Barclays and Royal Bank of Scotland have continued to finance companies which are investing in new coal plants even after the Paris cl…