The London-headquartered lender HSBC has granted a green loan to Hong Kong-based climate-mitigation technology firm Ampd Energy. By financing clients’ emissions reduction projects, HSBC hopes to fight global warming. Ampd Energy will use the funding to deploy giant batteries at construction sites to help construction firms and property developers slash their carbon footprints.
The salient features of this deal include the following:
- The deal demonstrates how the financial sector can play a leading role in unlocking the potential of green technology
- It also enhances the credibility of carbon-reduction activity and is a key indicator for bankers who are looking to finance environment-friendly projects.
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