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Emerging Nations Plan Green Banks to Foot Climate Trillions

March 18, 2019, 6:27 PM

The world needs a new model to channel private finance into emerging-nation clean projects and commercial banks are among those planning to help create it.

Firms including Macquarie Group Ltd., HSBC Group Plc and Mizuho Financial Group Inc. are scheduled to participate in this week’s Green Bank Design Summit in Paris. They’re joining representatives of 24 developing countries accounting for almost half the world’s greenhouse gases that will be attending the gathering over the next two days.

Nations from China to Chile and India are seeking practical ways to comply with the ambitious emission-reduction targets contained in the Paris climate...

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