The International Emissions Trading Association (IETA) has partnered with Hong Kong's Financial Services and the Treasury Bureau (FSTB), the Securities and Futures Commission (SFC), and Hong Kong Exchanges and Clearing Limited (HKEX) to host its annual Asia Climate Summit (ACS) from 7-9 July in Hong Kong. The summit aims to address the fragmented nature of Asia's carbon markets, despite the region accounting for over 50% of global emissions. Discussions will focus on market harmonisation, Article 6 implementation, and carbon pricing to unlock the region's carbon market potential. This collaboration seeks to position Asia as a strategic hub for carbon market development.
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