What's happening across the carbon landscape? Stay current with key dates in Australia, Chinese Mainland and Hong Kong SAR
As the world transitions to a low-carbon economy, we see carbon markets playing an increasing role to help achieve net zero ambitions. Staying on top of deadlines and developments is essential.
What is next to come across the region? Whether it’s a reporting deadline, a chance to submit to a policy review or a milestone change. Below are our trackers to help you stay up-to-date. These will evolve to keep you across developments.
Australia
Carbon pricing mechanisms and regulatory frameworks play a pivotal role in incentivising businesses to reduce emissions and explore other techniques like storage. The ACCU Scheme and Safeguard Mechanism are among the more significant examples in Australia. Both schemes are under continuing consideration for refinement.
Chinese Mainland
China boasts the world’s biggest emissions trading scheme by size. In late 2023, it renewed its voluntary carbon market – a potential game changer set to broaden decarbonisation initiatives. This landscape is helping to accelerate innovation among businesses.
Hong Kong SAR
Hong Kong’s carbon markets are evolving rapidly as demand for offsets and trading grows. In late 2022 it launched Core Climate, its voluntary carbon market, attracting projects from around the region and beyond. Most significantly, Hong Kong has serious aspirations to become a carbon trading hub.
Please reach out to your KWM contact if we can assist on any of these topics. We are here to help.
