Regulatory Alerts2024-05-03
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Consultation Report: Prototype for a Green Classification Framework for Hong Kong
The Hong Kong Monetary Authority and Climate Bonds Initiative released a consultation report on the prototype Hong Kong Taxonomy for Sustainable Finance, incorporating feedback from 38 stakeholders. The document details responses regarding the taxonomy's design, technical screening criteria, and thresholds, noting adjustments such as removing impractical methane emission metrics and excluding fossil fuel transport. The authorities propose a voluntary implementation phase to build market capacity while planning future expansions to include transition activities and additional environmental objectives.
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