On 25 March 2014, leading assurance services provider, LRQA, and the China Emissions Exchange (CEEX) joined forces to deliver the first public event in Hong Kong to announce details of the Shenzhen-Hong Kong Carbon Market.
The event bought together over 80 delegates from Hong Kong’s business community – including some of the biggest companies in the region – who are interested in China’s new Emissions Trading System (ETS).
The seminar introduced China’s first step to creating the world’s largest carbon market, what this means for Hong Kong organisations and how LRQA can assist them with their carbon reduction and energy efficiency measures.
Speakers included Mr Gan Ming Li, Deputy Secretary-General of the Shenzhen Municipal Government, Dr Christine Loh Kung-wai, OBE, JP, Under Secretary for the Environment in Hong Kong, Mr Yu Cai, Deputy Director of the Shenzhen Development and Reform Commission, Mr Rong Wei Hua, Director of the Qianhan Shenzhen-Hongkong Modern Industry Cooperation Bureau, Ms Hai’ou (Peggy) Chen, CEO of the China Emissions Exchange (CEEX) and Robert Hansor, Head of Climate Change and Sustainability for LRQA in Asia Pacific.
The seminar agenda focused on the current and future plans for ETS implementation in China and Shenzhen and how this could affect Hong Kong in the future. Government officials shared their ideas on how Hong Kong enterprises could participate and benefit. CEEX also outlined their approach to building a sustainable and liquid trading market with new carbon trading products scheduled for launch in the future. LRQA outlined how energy efficiency improvements can be achieved in a cost-effective way and how a carbon price can make these investments even more financially attractive. Participants enjoyed an active Q&A session and welcomed the chance to speak directly with those presenting. The feedback from the event was overwhelmingly positive.
Robert Hansor, LRQA’s Head of Climate Change and Sustainability in Asia Pacific commenting on the event said “Establishing any link between the Shenzhen carbon market and Hong Kong will be an important milestone in the development of the Chinese carbon market. The two cities have always played a vital role in helping to build strong, outward looking markets and it would be an exciting prospect if their partnership can do the same for China’s carbon market.”
To find out more about LRQA’s carbon market services in Asia, contact Robert Hansor.
Mr Yu Cai, Deputy Director of the Shenzhen Development and Reform Commission
Dr Christine Loh Kung-wai, OBE, JP, Under Secretary for the Environment in Hong Kong
Ms Hai’ou (Peggy) Chen, CEO of the China Emissions Exchange (CEEX)