Google and nation’s largest bank unite on billion-dollar funding for technology.

TLDR:

Google and HSBC have joined forces to provide $1 billion in funding for technology aimed at reducing global pollution. HSBC will provide financing to climate tech firms selected by Google, who vet each company to ensure quality and market potential. This collaboration comes after HSBC acquired a climate-focused lender and met a goal of deploying $1 billion towards climate solutions by 2030. The partnership aims to accelerate the adoption of innovative solutions that benefit the planet.

Google and HSBC have teamed up to provide $1 billion in funding for technology to reduce global pollution. HSBC will provide financing to climate tech firms chosen by Google, who vet each company to ensure quality and market potential. This collaboration comes after HSBC acquired a climate-focused lender and met a goal of deploying $1 billion towards climate solutions by 2030. The partnership aims to accelerate the adoption of innovative solutions that benefit the planet.

HSBC’s first financing deal from the partnership was with LevelTen Energy, a startup that runs a renewable energy marketplace connecting buyers and sellers. This partnership aims to connect customers directly with climate tech firms to transition to sustainability more easily. The collaboration between Google and HSBC is seen as a way to increase the odds of success in tackling global pollution and climate change.