HKEX’s new VCM to Connect to Global Ecosystem

Hong Kong Exchanges and Clearing (HKEX) has launched a new voluntary carbon market (VCM), as part of efforts to direct capital to climate-related investment products and opportunities in Hong Kong and across the region. “Core Climate will facilitate effective and transparent trading of carbon credits and instruments to support the global transition to net zero,” HKEX said in a statement. The platform will allow participants to source, hold, trade, settle and retire voluntary carbon credits from internationally-certified carbon projects from around the world, including carbon avoidance, reduction and removal projects. All projects listed on Core Climate will be verified against international standards, such as the Verified Carbon Standard by Verra. HKEX sees Core Climate developing into “essential infrastructure” and a part of a “highly connected international ecosystem” that matches investment capital with new climate projects, technologies and business models, according to Co-head of Markets Glenda So.


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