hkex-to-trade-emissions

HKEx to trade emissions

Hong Kong's stock exchange has given the go-ahead after a study into the feasibility of trading emissions- and gold-related products.
Hong KongÆs stock exchange is planning to establish a market in one of the cityÆs most abundant commodities pollution.

Following the recommendations of a team of consultants, the exchange will partner with an overseas exchange to set up a trading and clearing platform for emissions-related structured products and exchange-traded funds ETFs.

Paul Chow, the exchangeÆs chief executive, expects to reach an agreement before the end of the year and has also said that the exchange will consider setting up an auction for certified emissions reduction units, similar to the scheme already running in Europe.

The study û carried out by Mallesons Stephen Jaques, Climate Focus and International Environmental Trading Group û also considered...
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