According to both parties, Asia requires massive financing and investment for sustainable projects, with green financing needs in Asia alone projected to reach some US$66 trillion ($87.81 trillion) in the next three decades.
Keppel Corporation and HSBC have signed a memorandum of understanding (MOU) to explore opportunities to collaborate on decarbonisation solutions, announced the two parties on July 25.
Keppel, through its infrastructure division, will work with HSBC to jointly develop a “strategic collaboration framework” to capture market demand for decarbonisation and sustainability solutions in dense urban cities in the Greater Bay Area (GBA), such as Guangzhou, Shenzhen and Hong Kong, and across Asia.
