Climate Spending Rose to a Record $567 Billion, HSBC Says

Global climate-protection spending rose by 7 percent last year to a record $567 billion, as spending in Latin America more than doubled, according to calculations by HSBC Holdings Plc.

So-called global climate revenues are measured by summing reported revenue of each company in the HSBC Climate Change Index, analysts at the bank, including Joaquim de Lima in London, said today in an e-mailed research note. The revenues exceed the gross domestic product of Switzerland, they said.