The Hong Kong Exchanges and Clearing Ltd (HKEX) announced on Monday that it has teamed up with major corporations and financial institutions such as HSBC and Tencent to create an international carbon market.
HKEX has enlisted 11 initial members to form the Hong Kong International Carbon Market Council, which consists of local banks and international lenders such as HSBC, Standard Chartered, BNP Paribas, ANZ and the Bank of China. Large corporations like Tencent and Cathay Pacific Airways are also members of the Council.
