HSBC Bets $4 Billion on China’s Clean Energy Export Boom

British HSBC set up an investment vehicle worth $4 billion to fund energy transition technology from China, including wind and solar power, electric vehicles, data centers, and artificial intelligence. According to Reuters, the Sustainability and Transition Credit Facility comes amid growing interest in alternative energy prompted by the oil and gas crunch caused by the war between the United States, Israel, and Iran. The war has already cost 1 billion barrels in lost global oil supply, according to International Energy Agency numbers. The IEA…