Stronger government policies needed for Hong Kong's carbon marketplace to thrive: HKEX chief sustainability officer

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Eco-Business 20h ago

Stronger government policies needed for Hong Kong's carbon marketplace to thrive: HKEX chief sustainability officer - Eco-Business

Quick Summary:

Paul Chow, group CSO of the city's bourse operator, drew parallels between Hong Kong and Singapore, which he says has implemented top-level initiatives to price carbon.

The city needs to boost its relevance as a 'superconnector' for China.

Detailed decarbonisation policies could direct philanthropy in the right direction, Loh added.“If we can get policymakers, financial regulators, the private sector, philanthropy, to all come together to create a giant market and funnel in the technology and the money, that’s how Hong Kong and other cities can get it done,” noted Loh.