In the News: Cross-Border Carbon Credits; Arbitration Law Revisions; and Standard Chartered Brokerage

August 17, 2021 | BY

Vincent Chow

Hong Kong buyers make first cross-border CCER deal under new national ETS; Arbitration Law proposed revisions released to align further with international practice; and Standard Chartered application for securities venture accepted by CSRC

National ETS sees first cross-border carbon emission credits transaction

China's new national emissions trading scheme (ETS) has seen its first cross-border deal for carbon emission credits. On August 10, Hong Kong boutique law firm Ben McQuhae & Co announced that it and an academic had bought 10,000 tons of China Certified Emission Reductions (CCERs).

The deal was facilitated by AEX Holdings, a Hong Kong firm providing a platform for investors in the city to trade carbon offset credits, including CCERs. The underlying project is a solar power project in the Kubuqi Desert in northwestern China, operated by Chinese energy company Elion Group.

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