On April 15, 2025, the SFC and HKEX co-organized the inaugural International Carbon Markets Summit in Hong Kong. Over 200 participants, including regulators, corporates, and investors, discussed challenges in scaling voluntary carbon markets, cross-border transactions, and the role of technology in carbon trading. Speakers emphasized the importance of harmonizing international standards and best practices. The Secretary for Financial Services and the Secretary for Environment and Ecology also discussed Hong Kong’s strategic role and the government’s latest initiatives.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On April 15, 2025, the Securities and Futures Commission ("SFC") and the Hong Kong Exchanges and Clearing Limited ("HKEX") jointly hosted the inaugural International Carbon Markets Summit in Hong Kong, assembling over 200 delegates from various sectors, including local and overseas regulators, carbon trading venues, corporates, and investors. The primary objective of the summit was to explore the challenges inherent in scaling global voluntary carbon markets, promoting cross-border transactions, and leveraging technology to facilitate carbon market linkages.
Notable speakers at the event underscored the necessity of collective action to harmonize international standards and best practices, particularly in credit issuance and secondary trading, thereby fostering the integrity and scalability of carbon markets.
The summit featured a fireside chat with the Secretary for Financial Services and the Treasury, Mr Christopher Hui, and the Secretary for Environment and Ecology, Mr Tse Chin-wan, who discussed Hong Kong’s strategic position within the global carbon markets and the government’s most recent initiatives.
Ms Julia Leung, the Chief Executive Officer of the SFC, remarked that the summit marked the beginning of a collaborative effort among stakeholders in the carbon market ecosystem to discuss the scaling of voluntary carbon markets. She emphasized the importance of adhering to best practices and international principles to create a harmonized, credible, and transparent carbon market ecosystem.
The event also welcomed esteemed speakers such as Mr Paul Chow, Group General Counsel and Group Chief Sustainability Officer of HKEX; Ms Bonnie Chan, CEO of HKEX; Mr Carlson Tong, Chairman of HKEX; Dr Kelvin Wong, Chairman of the SFC; and Ms Christine Kung, Senior Director and Head of International Affairs and Sustainable Finance of the SFC.
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