The Hong Kong stock exchange has carried out the first batch of carbon credit trades on its new voluntary carbon market in the first four weeks since launch, joining a handful of Asian exchanges in tapping opportunities resulting from governments’ push to achieve climate goals.
The platform recorded more than 40 trades between Oct. 28 and Nov. 24, representing around 400,000 tonnes of carbon credits.
The inaugural trades on Hong Kong Exchanges & Clearing’s (HKEX) Core Climate platform announced on Thursday spanned carbon credits from more than 30 international projects involving over 20 Core Climate participants, the exchange said.