Shulou(Shulou.com)11/24 Report--

CTOnews.com news on November 24, according to SPIC, Hong Kong exchanges and Clearing Limited (hereinafter referred to as "HKEx") held a ceremony to celebrate the launch of Hong Kong's international carbon market today. As the only invited energy and power company in the mainland, State Power Investment took part in the ceremony with its carbon asset management company and Hong Kong financial company.

On the Core Climate platform of Hong Kong's international carbon market, which was officially launched on October 28, the State Power Investment carbon Asset Management Company successfully completed the first green rights and interests transaction settled in RMB on behalf of the State Power Investment carbon Asset Management Company, the trading product is a hydropower project independently developed by the State Power input carbon Asset Management Company that meets the certified emission reduction standard VCS (Verified Carbon Standard). This is the company's first attempt to explore the use of RMB in cross-border trade in environmental rights products. This transaction has laid the foundation for further promoting the participation of the power industry in the construction of Hong Kong's international carbon trading center and promoting the international development of carbon business.

CTOnews.com has learned that the Hong Kong international carbon market Core Climate platform is currently the first and only carbon market in the world to provide RMB and Hong Kong dollars settlement for international carbon credit products trading. Since the launch of the platform, more than 30 carbon projects from Asia, South America, West Africa and other regions have participated in the transaction, including forestry carbon sequestration, wind power, hydropower, solar energy and biomass power generation. All listed projects have been certified and meet the certified emission reduction standard VCS. The platform will help Hong Kong to give full play to its advantages as an international financial center, create an international leading carbon market, and promote the construction of a new pattern of sustainable development.

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