{"id":53880,"date":"2026-05-20T16:16:40","date_gmt":"2026-05-20T08:16:40","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=53880"},"modified":"2026-05-20T16:16:40","modified_gmt":"2026-05-20T08:16:40","slug":"climate-finance-in-asia-shifting-beyond-emission-cuts-to-resilience-and-energy-security-say-bank-execs","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=53880","title":{"rendered":"Climate finance in Asia shifting beyond emission cuts to resilience and energy security, say bank execs"},"content":{"rendered":"


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STRONGER CASE FOR RENEWABLES<\/h2>\n

At the same time, concerns over energy security are reinforcing the business case for renewable energy, especially in Asia, which remains heavily reliant on imported fossil fuels.<\/p>\n

HSBC\u2019s chief sustainability officer Julian Wentzel said current geopolitical tensions have \u201ccrystallised people\u2019s thinking\u201d around the need to shift energy systems.<\/p>\n

Wentzel added that the demand for renewable energy to power data centres could also rise sharply in the coming years.<\/p>\n

According to the report, more than 100 terawatt-hours of new electricity demand from data centres, electric vehicles and green industrial parks is expected by 2030.<\/p>\n

Wentzel noted that renewable energy projects can often be deployed much faster than conventional large-scale power plants, which he said take \u201cfive to eight years to bring on stream\u201d.<\/p>\n

\u201cRenewable energy, like for instance a photovoltaic solar farm or a wind farm, you can put that on stream in nine months, maybe 18 months at worst,\u201d he added.<\/p>\n<\/div>\n


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STRONGER CASE FOR RENEWABLES At the same time, concerns over energy security are reinforcing the business case for renewable energy, especially in Asia, which remains…<\/p>\n","protected":false},"author":1,"featured_media":53881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--RAQLvyJV--\/c_fill,g_auto,h_676,w_1200\/fl_relative,g_south_east,l_mediacorp:cna:watermark:2023-11:afp_watermark_14112023,w_0.1\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2026\/05\/20\/000_83mx4af.jpg?itok=Ew5uUZXm","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[5024,4088,6238,4212,23098,300,4416,8889,4301,1890,8446],"class_list":["post-53880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-asia","tag-bank","tag-climate","tag-cuts","tag-emission","tag-energy","tag-execs","tag-finance","tag-resilience","tag-security","tag-shifting","wpcat-2-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/53880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53880"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/53880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/53881"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}