HSBC pledges $1b to back early-stage climate tech firms

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In 50 Words: HSBC pledges $1b to back early-stage climate tech firms

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In 50 Words: HSBC pledges $1b to back early-stage climate tech firms

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HSBC plans to provide US$1 billion worth of financial support for early-stage climate tech firms across the globe. It aims to back solutions in areas such as EV charging and carbon removal tech.

A CTVC report revealed that VC funding for climate tech startups experienced a 40% year-on-year drop in H1 2023.

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