HSBC to (almost) stop financing coal power

Madeleine Cuff
clock • 2 min read

Europe's biggest bank announces intention to halt financing for coal-fired power plants as part of low-carbon drive - but lists Bangladesh, Indonesia and Vietnam as exceptions

HSBC, the biggest bank in Europe, has today announced it will stop financing coal-fired power stations, oil sands and Arctic offshore drilling projects in a move to support the low-carbon economy. Announced...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

'Climate comeback': Private capital for green funds surpasses last year's total

'Climate comeback': Private capital for green funds surpasses last year's total

New data reveals private capital secured by climate-focused funds in the first six months of 2026 has reached $5.5bn, exceeding the total for the entirety of 2025

Stuart Stone
clock 27 August 2026 • 3 min read
BloombergNEF: Global renewables investment fell to $327.5bn in first half of 2026

BloombergNEF: Global renewables investment fell to $327.5bn in first half of 2026

Global investment in large-scale solar, offshore wind and onshore wind dropped during the first of the year following changes to China's policy framework

Michael Holder
clock 27 August 2026 • 3 min read
COP17: $1.3bn funding programme aims to improve rangelands and drought resilience

COP17: $1.3bn funding programme aims to improve rangelands and drought resilience

A new rangelands protection and restoration funding drive fronted by $1.2bn Flagship Initiative has been officially launched today

Stuart Stone
clock 24 August 2026 • 5 min read