HKEX’s Core Climate Provides Carbon Credits Settlement Services for Cathay Pacific Airways

Hong Kong Exchanges and Clearing Limited (HKEX) announced that Cathay Pacific Airways has successfully settled 50,000 tonnes of carbon credits through its Core Climate carbon marketplace as part of its voluntary carbon offset program. This milestone highlights Core Climate’s commitment to supporting companies in their climate transition. HKEX’s Group General Counsel, Paul Chow, emphasized the importance of building an international carbon marketplace that offers secure and efficient carbon credit transactions. Launched in 2022, Core Climate is the only platform offering settlement in Hong Kong dollar and Renminbi, with over 90 participants and a variety of verified carbon credits from certified projects globally.

Resources: https://www.hkex.com.hk/News/News-Release/2024/2412182news?sc_lang=en