Core Viewpoint - Hong Kong is positioned as a key bridge between mainland China and international markets, focusing on voluntary carbon credit standards and methods, with plans to facilitate the trading of mainland Chinese emission reduction projects in the future [1] Group 1: Hong Kong's Role in Carbon Market - Hong Kong has unique advantages to serve as a critical connector between the mainland and international markets [1] - The city will initially participate in discussions to establish voluntary carbon credit standards and methods with mainland authorities [1] - Long-term goals include exploring interconnectedness of carbon markets and facilitating cross-border trading [1] Group 2: Current State of Mainland Carbon Market - The mainland's voluntary carbon market, CCER, is currently in a transformation phase and only allows domestic companies to participate [1] - Foreign entities are currently excluded from the mainland carbon market, presenting an opportunity for Hong Kong to leverage its international positioning [1] Group 3: Future Initiatives - The government aims to collaborate with mainland regulators to develop a framework for participation in the international carbon market [1] - Efforts will be made to attract mainland Chinese institutions' overseas emission reduction projects to be listed on Hong Kong's voluntary carbon market [1] - There are plans for cooperation with the Greater Bay Area carbon market to test cross-border transaction settlement paths [1]