Hong Kong exchange enlists HSBC, Tencent to help create carbon market

Photo: HKEX website

Hong Kong‘s stock exchange said on Tuesday it had enlisted banks including HSBC and companies such as China’s Tencent to help it develop a global carbon market.

Worldwide efforts to combat climate change have spawned voluntary carbon markets, which allow emitters to offset their carbon by purchasing so-called credits, which are issued by projects targeted at removing or cutting emissions.

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