Tuesday October 31 2023
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
On 31st October 2023, Hong Kong Exchanges and Clearing Limited (HKEX) announced that it has signed a Memorandum of Understanding (MOU) with the China Emissions Exchange Shenzhen (CEEX Shenzhen) to cooperate in accelerating the carbon market ecosystem development in Hong Kong and across the Greater Bay Area.
Under the MOU, HKEX and CEEX Shenzhen will jointly explore opportunities in cross-border carbon market connectivity and climate finance, as well as work together to increase awareness of developing the voluntary carbon market in the Greater Bay Area. This collaboration is focused on creating a vibrant sustainable finance ecosystem in the region, supporting China’s efforts to peak carbon emissions by 2030 and reach carbon neutrality by 2060 and in driving the growth of the green-finance industry in Asia.
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