China News Service, Beijing, June 23 (Zhu He) "Hong Kong should actively participate in the construction of a unified carbon market in the Guangdong-Hong Kong-Macao Greater Bay Area, and further consolidate and enhance its status as an international financial center." Yu Guochun, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference, suggested that Hong Kong should actively leverage its advantages, Help the country's green, low-carbon and high-quality development.
The 22nd meeting of the 13th Standing Committee of the National Committee of the Chinese People's Political Consultative Conference was held in Beijing a few days ago. During the group discussion stage, Yu Guochun, Lin Shuyi, Cai Guanshen, Qiu Dachang and other members of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference held a video link in Hong Kong to focus on "coordinating the promotion of green, low-carbon and high-efficiency". quality development” negotiation.
Lin Shuyi, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference, pointed out that green transformation is a common issue and challenge for the Guangdong-Hong Kong-Macao Greater Bay Area.
She believes that the Greater Bay Area needs to work together to formulate ecological environment governance and short-, medium- and long-term planning for carbon neutrality, overcome fragmented governance problems, and work closely with laws and regulations, technical standards, joint law enforcement, and information sharing. Build a collaborative governance mechanism.
"The Guangdong-Hong Kong-Macao Greater Bay Area carbon market started early, has a large scale, and has active trading innovations. It has the conditions to become a pilot window for the country to explore international climate governance cooperation, strengthen the connection with the international carbon market, and serve the construction of the national carbon market." Member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference Cai Guanshen said.
He suggested making use of Hong Kong's advantages as an international financial center, through the establishment of RMB green funds and the "Green Finance Certification Program", etc., to smooth cross-border green investment channels, comprehensively promote the development of national green finance, and plan and build a unified carbon market in the Greater Bay Area.
In order to better promote the connection between China's carbon market and the international market, Yu Guochun suggested to establish a "Carbon Market Connect" mechanism through Hong Kong that connects the mainland carbon market and international investors, allowing global investors to participate in the Guangdong-Hong Kong-Macao Greater Bay Area carbon market and its future through this mechanism. Investment in the national carbon market.
"As an international financial center and a 'super liaison' for international and domestic two-way exchanges, Hong Kong has the obligation and advantage to provide green financing support for the country's low-carbon development." Deputy Director of the Social and Legal Committee of the National Committee of the Chinese People's Political Consultative Conference, Chairman and Chief Executive Officer of Far East Development Co., Ltd. Qiu Dachang suggested that Hong Kong should build a green financial center, enrich Hong Kong and mainland green cross-border financial products, and establish a Hong Kong carbon trading platform to build a global carbon asset trading and management center for voluntary emission reduction projects.
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