SEE continues to attend COP30 in Brazil (with photos)
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Mr Tse attended the China Pavilion's side event themed "Promoting Green Innovation and Cooperation to Jointly Build the Green Silk Road", which was guided by the Ministry of Ecology and Environment (MEE) and co-hosted by the BRI International Green Development Coalition, the Foreign Environmental Cooperation Center of the MEE and the Secretariat of China Council for International Cooperation on Environment and Development. It aimed at establishing a pivotal platform for governments, financial and research institutions, non-governmental organisations and private sectors to foster international collaboration under the framework of the Green Silk Road. Discussions focused on promoting global green transition through key areas such as technological innovations, climate finance and market mechanisms.
Speaking at the first thematic discussion session titled "Innovation in Climate Finance Mechanisms: Exploring New Models for South-South Cooperation", Mr Tse said located in the Guangdong-Hong Kong-Macao Greater Bay Area, Hong Kong serves as a "super connector" and acts as a bridge between Chinese Mainland and the world. Under the "one country, two systems" principle, Hong Kong adopts the common law system and is the third largest global finance centre and the leading centre for green and sustainable finance in Asia, attracting local and transnational funds to support mitigation and adaption actions to reduce the impacts of climate change.
Mr Tse said in 2024 alone, the volume of green and sustainable bonds issued in Hong Kong reached about 45 per cent of the regional total and ranked first in the Asian market for seven consecutive years. To encourage the development of green finance, the Hong Kong Special Administrative Region (HKSAR) Government launched the Green and Sustainable Finance Grant Scheme to provide funding support for eligible bond issuers and loan borrowers to cover part of their expenses on bond issuance and external review services. The Scheme has been extended to 2027 with the scope of subsidies expanded to cover transition bonds and loans to encourage regional decarbonisation.
He added that in September 2025, Hong Kong Exchanges and Clearing Limited signed a Memorandum of Understanding with various carbon exchanges markets in the Greater Bay Area, strengthening the collaboration of carbon market development in the region. The Hong Kong Taxonomy for Sustainable Finance was also launched in May 2024, driving cross-border investments and facilitating green finance flows.
Mr Tse said, "the HKSAR Government and the MEE will sign a cooperation agreement on jointly setting up a Belt and Road Green Development Cooperation Platform in Hong Kong. The platform will connect international environmental co-operation networks and facilitate technology exchanges and transfers of solutions among Belt and Road countries."
After attending the China Pavilion's side event, Mr Tse had a bilateral meeting with the head of the Malaysian delegation, the Deputy Secretary General (Environmental Sustainability) of the Ministry of Natural Resources and Environmental Sustainability, Datuk Nor Yahati binti Awang, at the Malaysia Pavilion. They exchanged experience and views on carbon reduction strategies and low carbon green transition. Mr Tse also met with the Acting Group CEO of the Malaysian Green Technology and Climate Change Corporation, Mr Saiful Adib Bin Abdul Munaff, and the Secretary General of ICLEI-Local Governments for Sustainability, Mr Gino Van Begin, respectively. They exchanged experience and views on various topics, including addressing climate change, sustainable development and strengthening city-to-city collaborations.
Mr Tse will leave today (November 13, Belém time) and arrive at Hong Kong on November 15.
Ends/Thursday, November 13, 2025
Issued at HKT 8:30
Issued at HKT 8:30
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