FII: Drive to find solutions to fund net-zero transition picking up pace, HSBC chief says – The National

FII: Drive to find solutions to fund net-zero transition picking up pace, HSBC chief says – The National

The momentum to find financing solutions for the transition to carbon neutrality has picked up pace but public and private capital flows from the developed world to emerging nations has to take off significantly for the world to achieve its climate goals, senior executives told the annual investment forum in Saudi Arabia.

“We have to find means to transmit capital from the developed to the developing [countries],” Noel Quinn, group chief executive of the HSBC, told the Future Investment Initiative conference on Wednesday in Riyadh.

“Capital in one part of the world needs to find a project in another part of the world for nature-based solution”, as nature is part of the broader climate agenda, he said.