Google, the technology giant, is a powerhouse of sustainable innovation: climate change technologies that benefit uncharted places.
From integrating energy into digital ecosystems to global weather and traffic insights that reduce fuel consumption and travel disruption, the company shows how valuable data can be when leveraged in the right way. .
The company's popularity is clear as it has attracted the attention of HSBC to advance its Google Cloud efforts.
Natalie Bryce, the bank's global head of commercial banking sustainability, told FinTech Times: “Scaling up new technologies that play a key role in supporting global decarbonization will take place in stages. We need a change.”
Here, she also points out the importance of partnerships to steer finances in the right direction.
“By combining funding support, cloud technology, and partner connectivity across our footprint, we help climate technology vendors accelerate growth and develop urgently needed solutions at scale.” Bryce says Mr.
Partnerships to drive more climate technology opportunities
HSBC is financially supporting Google as a driver of climate change technology opportunities. UK banks will launch a venture debt financing package to provide buyers, sellers and investors in clean technology projects with financing for renewable energy traction systems. This will be done through LevelTen Energy, which has already facilitated US$5 billion worth of clean energy transactions in the past and will further expand this with support from HSBC.
Justin Keeble, Managing Director of Global Sustainability at Google Cloud. “The scale of climate change requires a global ecosystem of technology providers delivering solutions that drive impact.” “This is why we launched the Google Cloud Ready sustainability ecosystem. The ecosystem will include major climate technology companies in a year's time. Many of these partners need access to capital, and we are committed to supporting companies that are key to combating climate change. We are excited to partner with HSBC.”
Google's climate change technology innovations in action
At Sustainability LIVE London 2023, we had the pleasure of learning more about Google's climate technology products, including the latest Google Maps features and weather forecasts that leverage data from different points in your infrastructure.
