Hong Kong Exchanges and Clearing Limited (HKEX) announced that Kinming Resources Holdings Limited has purchased over 200,000 tonnes of voluntary carbon credits on HKEX’s Core Climate Platform. Kinming Resources aims to offset carbon emissions from sand production for infrastructure projects in the region through this collaboration. The letter of intent was signed at the Belt and Road Summit, highlighting Core Climate’s role in financing climate projects. HKEX’s Core Climate is the only carbon marketplace offering Hong Kong Dollar and Renminbi settlement for international voluntary carbon credit trading, with significant participant growth and a variety of certified projects available.
Resource: https://www.hkex.com.hk/News/News-Release/2023/230913news?sc_lang=en