On 9 August 2021 we became the first ever offshore buyer of international standard high integrity carbon credits from China, known as CCER. Our motivation in doing this is not simply to buy carbon credits in support of our Decarbonisation Strategy but to advocate for the adoption of high quality CCERs (i.e. credits that have the most climate impact) and to demonstrate the enormous market potential – with the right projects, willing contracting parties and some thoughtful drafting. This trade will contribute to efforts to build a robust global benchmark for high integrity CCERs.
This trade has been featured in an article on The Asset. Read the original article here and learn more about the trade: https://www.theasset.com/article-esg/44519/hong-kong-investors-give-china-carbon-market-a-vote-of-confidence.