The concept of “Climate-Smart” cities conducive to positive environmental outcomes has become central to today’s urban development projects. Countries like the Kingdom of Saudi Arabia and Singapore have invested billions into the construction of Climate-smart cities to re-invent their economies, encourage tourism and redefine the future of urban living. Climate-Smart cities are the true meaning of resilience. The nation is actively working on transforming itself into a test-bed for Smart City and Climate-smart city growth. HSBC took a similar approach targeting stocks from its climate solutions database with a minimum market capitalization of $500 million.

Source: Forbes July 15, 2021 19:41 UTC