McKinsey estimates that the addressable market size for green businesses in Asia could reach between $4 trillion and $5 trillion by 2030. Renewable energy, sustainable fuels, and green materials like steel and alternative proteins are key investment themes. The power sector, in particular, holds significant opportunities for value creation, with renewables expected to be cheaper than fossil fuels in some Asian countries by 2030.
In a significant move to combat climate change, #HSBC and #Google have joined forces to provide $1 billion in financing for climate technology projects. This collaboration is part of a broader effort to accelerate the development and deployment of innovative solutions that can help reduce carbon emissions and promote sustainability.
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