This paper prepared by the Carbon Market Workstream of the Green and Sustainable Finance Cross-Agency Steering Group (CASG) provides a preliminary assessment of feasibility for Hong Kong to pursue carbon market opportunities. The paper discusses why Hong Kong’s strengths as an international financial centre, the gateway to Mainland China, and a regional certification hub can potentially add value to carbon market development. In addition, the paper makes recommendations to CASG on the way forward, and highlights the need for Hong Kong to develop market structure and regulatory models to link up international investors with the Mainland’s carbon markets.

Source: Carbon Market Workstream of the Green and Sustainable Finance Cross-Agency Steering Group