Opinion: Carbon trading rules in Asia should reflect the region’s unique challenges
Investors should be given credit — carbon credit in particular — when they hold carbon-intensive assets in Asia but aim to help these assets transit. However, regulations also need to stay updated in order to prevent greenwashing.
With the imminent return of the United Nations Climate Change Conference (COP27) this year, the framework for global carbon credit trading will once again fall into focus.
In Asia, developments of this sort are still in their early stages. Take Hong Kong as an example: the financial hub’s bourse, the Hong Kong Exchanges and Clearing (HKEX), just launched a voluntary carbon credit trading platform aligned with international standards on October 28, following Singapore and China in …
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