SEE continues to go to COP30 in Brazil (with images)
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The Secretary for Environment and Ecology, Mr Tse Chin-wan, continued to participate in the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30) in Belém, Brazil, on November 12 (Belém time). He spoke at the thematic conversation session in China Pavilion’s side occasion, and had bilateral conferences with other agents.
Mr Tse participated in the China Pavilion’s side occasion themed “Promoting Green Innovation and Cooperation to Jointly Build the Green Silk Road”which was directed 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 targeted at developing a critical platform for federal governments, monetary and research study organizations, non-governmental organisations and economic sectors to foster global partnership under the structure of the Green Silk Road. Conversations concentrated on promoting worldwide green shift through essential locations such as technological developments, environment financing and market systems.
Speaking at the very first thematic conversation session entitled “Innovation in Climate Finance Mechanisms: Exploring New Models for South-South Cooperation”Mr Tse stated situated in the Guangdong-Hong Kong-Macao Greater Bay Area, Hong Kong acts as a “super connector” and functions as a bridge in between Chinese Mainland and the world. Under the “one country, two systems” concept, Hong Kong embraces the typical law system and is the 3rd biggest international financing centre and the leading centre for green and sustainable financing in Asia, drawing in regional and multinational funds to support mitigation and adaption actions to minimize the effects of environment modification.
Mr Tse stated in 2024 alone, the volume of green and sustainable bonds provided in Hong Kong reached about 45 percent of the local overall and ranked initially in the Asian market for 7 successive years. To motivate the advancement of green financing, the Hong Kong Special Administrative Region (HKSAR) Government released the Green and Sustainable Finance Grant Scheme to supply financing assistance for qualified bond providers and loan debtors to cover part of their costs on bond issuance and external evaluation services. The Scheme has actually been reached 2027 with the scope of aids broadened to cover shift bonds and loans to motivate local decarbonisation.
He included that in September 2025, Hong Kong Exchanges and Clearing Limited signed a Memorandum of Understanding with numerous carbon exchanges markets in the Greater Bay Area, reinforcing the cooperation of carbon market advancement in the area. The Hong Kong Taxonomy for Sustainable Finance was likewise released in May 2024, driving cross-border financial investments and assisting in green financing circulations.
Mr Tse stated, “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 going to the China Pavilion’s side occasion, Mr Tse had a bilateral conference 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 decrease techniques and low carbon green shift. Mr Tse likewise met 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 numerous subjects, consisting of resolving environment modification, sustainable advancement and enhancing city-to-city cooperations.
Mr Tse will leave today (November 13, Belém time) and reach Hong Kong on November 15.