By Lawrence White and Simon Jessop

LONDON/SAO PAULO (Reuters) -HSBC on Thursday issued a set of new, softer near-term climate targets for sectors such as oil and gas in response to the slow pace of change in the real economy.

The end-decade targets follow a review announced earlier this year as the British bank dropped a goal of reaching net-zero carbon emissions across its own operations by 2030.

HSBC still aims for operations funded by its loan book to produce net-zero emissions by 2050. It and other banks that have set similar climate targets say they aim to help clients finance transitions to lower-emission business models.

HSBC had originally based its targets on the International Energy Agency’s 2021 analysis of what it would take to reach the world’s goal of limiting global warm

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