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. (HSBA)

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.

The index has fallen 22 percent in the year to date, as equity markets dropped on concern that slow economic production will cut profits. There will be 380 companies in the index starting Sept. 16 after additions and deletions, with a minimum market capitalization of $400 million, according to the report.

“Latin America saw its climate-related revenues rise 110 percent in 2010, which was by far the largest rise seen across any region, and was driven by strong revenue growth in the low- carbon energy production and water, waste and pollution-control sectors,” the analysts wrote.

The U.S. had the biggest share of revenue, with more than $100 billion, followed by Japan, France and Germany. China moved to eighth spot, rising 31 percent to $12.3 billion.

Integrated power companies delivered the largest spending at $187 billion, followed by nuclear at $76.8 billion and water at $55 billion, according to the analysts. Energy efficiency and energy management dropped 19 percent to $133.3 billion, while climate finance fell 7.8 percent to $122 million.