To meet the needs of international investors, Hong Kong will need to subscribe to global standards for measuring, verifying and reporting on the carbon reduction performance of projects on which credits are earned, according to Linklaters. Photo: Shutterstock
Climate change: Hong Kong has much ground to cover before becoming regional carbon trading hub, government steering group says
- City should try and link international investors with China’s carbon markets, if it can develop the needed market structure and regulatory models, steering group says
- The global voluntary carbon market is forecast to grow by 50 per cent to 80 per cent this year to between US$1.5 billion and US$1.7 billion: Trove Intelligence
To meet the needs of international investors, Hong Kong will need to subscribe to global standards for measuring, verifying and reporting on the carbon reduction performance of projects on which credits are earned, according to Linklaters. Photo: Shutterstock
