https://www.scmp.com/rss/509887/feed Charles Bedford is adjunct associate professor in the Division of Environment and Sustainability, Hong Kong University of Science and Technology. He served for 20 years in various positions at The Nature Conservancy, one of the world’s largest conservation groups, most recently as the regional managing director for Asia and the Pacific. He also invests in carbon credits and advises clients on ESG investing. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Hong Kong is quickly becoming a hub for the global carbon market, the UN-endorsed mechanism to drive funding toward on-the-ground climate action. The Hong Kong Green Finance Association has led the charge in mobilising public and private actors to drive finance towards sustainability outcomes. And the Hong Kong Exchanges and Clearing’s new Core Climate exchange platform is a perfect example of the infrastructure needed to match sellers and producers of carbon credits in the carbon market. Carbon... https://www.scmp.com/comment/opinion/article/3211839/hong-kongs-carbon-trading-market-will-encourage-corporate-action-not-greenwashing?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3211839/hong-kongs-carbon-trading-market-will-encourage-corporate-action-not-greenwashing?utm_source=rss_feed Wed, 01 Mar 2023 13:30:11 +0000 The world is hotter, fires are more intense, sea levels are rising and extreme weather is more frequent. We all know we must do everything we can to fix our climate, and fast. The UN has met annually since 1995 to discuss climate change and meets again in November in Glasgow, but all the talking has not translated into the global action needed to change the climate trajectory. What could possibly explain this? The wealthy nations in the Global North acted quickly to bail out banks during the... https://www.scmp.com/comment/opinion/article/3150218/rich-world-isnt-helping-developing-world-decarbonise-time-carbon?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3150218/rich-world-isnt-helping-developing-world-decarbonise-time-carbon?utm_source=rss_feed Mon, 27 Sep 2021 06:30:25 +0000 Charles Bedford Charles Bedford The “doomsday machine” has a colourful history in popular culture and science fiction. We now have a dangerous case of life imitating art in bitcoin, which uses as much energy as its price can justify. As the price rises, more miners bring more power-hungry and powerful computers that use more energy. That design of bitcoin, intentionally or not, has driven mining to use as much power per year as Sweden or London. The higher the price, the higher the power use. Theoretically, if the price keeps... https://www.scmp.com/comment/opinion/article/3134219/carbon-credits-are-greener-alternative-bitcoin-climate-doomsday?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3134219/carbon-credits-are-greener-alternative-bitcoin-climate-doomsday?utm_source=rss_feed Sat, 22 May 2021 19:30:12 +0000