Group 1 - The mutual recognition of carbon labels between Guangdong and Hong Kong significantly enhances the international competitiveness of products, as it aligns with consumer concerns about green and low-carbon products [1][2] - Guangdong has established itself as a pioneer in low-carbon development, with five products from five companies achieving mutual recognition of carbon labels, facilitating green and low-carbon collaborative development in the Guangdong-Hong Kong-Macao Greater Bay Area [1][2] - The carbon label mutual recognition mechanism reduces the cost of green certification, increases international recognition of products, and promotes low-carbon transformation in industries, contributing to the creation of a trillion-level green market in the Greater Bay Area [3][4] Group 2 - As of March 2025, Guangdong has issued 125 carbon label certificates to 109 companies across 22 industries, including electrical machinery, metal products, and food manufacturing [2][4] - The establishment of the Guangdong Carbon Label Professional Committee in January 2022 and the signing of a memorandum with the Hong Kong Chinese Manufacturers' Association in 2023 laid the groundwork for the mutual recognition of carbon labels [2][3] - The Greater Bay Area's economy has surpassed 14 trillion yuan, positioning it among the top global bay areas, showcasing significant market capacity and growth potential [4][5]