Hong Kong broadens sustainable finance taxonomy framework to boost transition capital

As Green Week kicks off, the HKMA expands its finance taxonomy to channel capital into projects that build climate resilience 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.

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