Hong Kong Exchanges and Clearing (HKEX) has launched an international carbon marketplace designed to connect capital with climate-related products and opportunities.
Core Climate will enable participants to source, hold, trade, settle, and retire voluntary carbon credits. These credits will originate from internationally certified carbon projects worldwide, including initiatives focused on carbon avoidance, reduction, and removal.
Nicolas Aguzin, CEO of HKEX, stated, "As a global East/West superconnector, HKEX is strongly positioned to build a vibrant and sustainable voluntary carbon market that brings together climate action ideas, capital, and dialogue."
Additionally, Finextra has announced its fifth Sustainable Finance Live conference and hackathon, set for 29 November. For more information and to register for the event, please visit the event page here.