Core Climate, a subsidiary of HKEx, signed a carbon credit agreement with Kemin Resources to support enterprises' low-carbon transformation

Securities Times Network News,According to the Hong Kong Stock Exchange, HKEX today announced that Kemin Resources Group Limited (Kemin Resources) has purchased more than 200,000 tonnes of voluntary carbon credits from Core Climate, an international carbon market owned by HKEX, a company specializing in the exploration and production of natural resource sands. Kemin Resources has also signed a letter of intent with Core Climate to achieve the goal of low-carbon transformation through the purchase of carbon credits at Core Climate in the future. The collaboration will help drive the transition to a low-carbon model in the region, reflecting the continued important role of carbon markets in addressing climate change.

Launched in October 2022, HKEX's international carbon trading market, Core Climate, is currently the only international trading platform offering voluntary carbon credits denominated in Hong Kong dollars and RMB, and the number of participants has tripled to nearly 70 in one year.