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Europe's Largest Bank Aims for Net-Zero Carbon by 2050 (Intl. Report)
Date: 2020-10-12
London-listed, Asia-focused HSBC Bank reports it aims to "align its financed emissions -- the carbon emissions of its portfolio of customers -- to the Paris Climate Agreement goal to achieve net zero by 2050 or sooner." The bank -- Europe's largest with €2,219 billion in assets -- also aims to be net-zero in its operations and supply chain by 2030, according to a release.

HSBC has earmarked between $750 billion and $1.0 trillion to assist the transition. Banking major Barclays committed to zero-carbon by 2050 in March as have oil giants BP and Shell which recently confirmed their commitment to meet the Paris Climate Agreement goal of net-zero carbon emissions by 2050. (Source: HSBC, The Edition, 9 Oct., 2020) Contact: HSBC,

More Low-Carbon Energy News HSBC Bank,  Paris Climate Agreement,  Net-Zero Emissions,  Climate Change,  BP,  Shell,  

UAE MoCCAE Launches Target Climate Initiative (Int'l.Report)
Ministry of UAE Climate Change and Environment
Date: 2020-01-31
In the UAE, the Ministry of Climate Change and Environment (MoCCAE), in collaboration with HSBC Bank Middle East, the Environment Agency-Abu Dhabi, and others is reporting the launch of the Target Climate Initiative to help businesses reduce carbon emissions, boost economic diversification and become active contributors to climate action.

The Initiative calls for the government, businesses, and not-for-profit sectors, to work together in line with the UAE's goal of developing a low-carbon "green" economy green economy, according to the state-run news agency Wam. (Source: Wam, UAE Ministry of Climate Change and Environment, Construction Week, 28 Jan., 2020) Contact: Ministry of Climate Change and Environment,

More Low-Carbon Energy News Carbon Emissions,  Climate Change,  

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