{"id":74784,"date":"2022-02-02T10:06:04","date_gmt":"2022-02-02T08:06:04","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=74784"},"modified":"2022-02-02T10:06:04","modified_gmt":"2022-02-02T08:06:04","slug":"hsbc-invests-100m-to-accelerate-clean-technologies-development","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/hsbc-invests-100m-to-accelerate-clean-technologies-development\/","title":{"rendered":"HSBC invests $ 100m to accelerate clean technologies development"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\"><a href=\"https:\/\/www.csregypt.com\/en\/hsbc-offers-350000-two-year-grant-to-back-us-largest-domestic-hunger-organization\/\">HSBC<\/a> Holdings plc (HSBC) is announcing it is investing $100m as an anchor partner in <a href=\"https:\/\/www.breakthroughenergy.org\/catalyst-announcement\">Breakthrough Energy Catalyst, (\u201cCatalyst\u201d)<\/a>, a groundbreaking program that leverages private-public capital to accelerate the development of clean technologies that will help achieve net-zero emissions by 2050.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Catalyst is an initiative within the larger Breakthrough Energy network founded by Bill Gates, which is designed to support decarbonization of high-carbon sectors via investments in four climate critical technologies \u2013 direct air capture, clean hydrogen, long-duration energy storage, and sustainable aviation fuel. These technologies will be crucial to the future of areas such as power generation, transport and heavy industry \u2013 all of which must be addressed to progress towards net zero.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">With estimates that half the technologies that are needed to achieve climate goals either do not exist yet or are too expensive for much of the world to afford1, Catalyst brings together businesses, governments, philanthropists, and individuals to invest in the clean technologies that are needed to eliminate emissions.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Catalyst funds actual projects, not companies, focusing on what it will take to drive down costs and rapidly grow the adoption of climate-smart technologies. Catalyst also focuses on bringing down the cost of production for products, such as clean hydrogen and sustainable aviation fuel, thereby reducing the \u2018Green Premium\u20192 on these products and making them more accessible.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">HSBC\u2019s $ 100m investment will accelerate the global net zero pathway and supports HSBC\u2019s goal of achieving net-zero climate impact by 2050.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">In addition to its $ 100m investment, HSBC will join the leadership council for Breakthrough Energy Catalyst, providing an expert view on the transition opportunities in some of its biggest markets, notably in Asia and the Middle East.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cTo reach net zero, we need to reduce the cost of clean technologies so they can be deployed at scale and become more affordable and accessible for all,\u201d said Bill Gates, Founder, Breakthrough Energy. \u201cThe only way to achieve this is through deep collaboration across public and private sectors \u2013 no country, company, or individual can halt the progress of climate change alone.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Noel Quinn, HSBC\u2019s Group Chief Executive, commented: \u201cA small number of green technologies will reshape the industrial landscape of the world over the next 5 to 10 years. I am grateful for the opportunity for HSBC to be part of Breakthrough Energy Catalyst to accelerate their development and make them scalable. I genuinely believe this groundbreaking partnership can help bring these much-needed clean solutions to market and build a more sustainable world.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HSBC Holdings plc (HSBC) is announcing it is investing $100m as an anchor partner in Breakthrough Energy Catalyst, (\u201cCatalyst\u201d), a groundbreaking program that leverages private-public capital to accelerate the development of clean technologies that will help achieve net-zero emissions by 2050. Catalyst is an initiative within the larger Breakthrough Energy network founded by Bill Gates, [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":74785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6702,984],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HSBC invests $ 100m to accelerate clean technologies development - Csr Egypt<\/title>\n<meta name=\"description\" content=\"HSBC announced investing $100m in Breakthrough Energy Catalyst program to accelerate development of clean technologies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/hsbc-invests-100m-to-accelerate-clean-technologies-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HSBC invests $ 100m to accelerate clean technologies development - 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