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BackHKMA Launches Public Consultation on Phase 2B of Hong Kong Sustainable Finance Taxonomy
HKMA Launches Public Consultation on Phase 2B of Hong Kong Sustainable Finance Taxonomy
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SCMP Tech50 minutes agoBusiness1 min readChina

HKMA Launches Public Consultation on Phase 2B of Hong Kong Sustainable Finance Taxonomy

hkmahong kongsustainable finance

Quick Look

The Hong Kong Monetary Authority has launched a public consultation on the Phase 2B prototype of its Hong Kong Taxonomy for Sustainable Finance, which adds 10 new activities in transportation, manufacturing, and waste management, bringing the total covered activities to 39 from 25, including electric vehicles, sustainable aviation fuel, and green marine fuels.

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Why It Matters

The Hong Kong Monetary Authority is developing a sustainable finance taxonomy to guide green investments, with Phase 2B expanding the framework to include additional sectors such as transportation and waste management.

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The Hong Kong Monetary Authority (HKMA) launched a public consultation on the Phase 2B prototype of its Hong Kong Taxonomy for Sustainable Finance, adding 10 activities across transportation, manufacturing and waste management.

Together with the reclassification of existing categories, the climate-mitigation framework now covers 39 activities, up from 25.

It also covers electric buses, minibuses and taxis, sustainable aviation fuel and green marine fuels such as methanol and ammonia.

Open Questions

  • What is the timeline for finalizing the Phase 2B taxonomy?
  • How will the new activities be verified or certified under the taxonomy?
  • What stakeholder feedback is the HKMA seeking during this consultation period?

Related Topics

hkma
OrganizationsHong Kong Monetary Authority
PlacesHong Kong
Topicshong kongsustainable financetaxonomyphase 2bpublic consultationelectric buses
This article was originally published by SCMP Tech.

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