The Hong Kong exchange is partnering to explore carbon opportunities in the region.
Partnership brings cutting-edge trading functionalities to the voluntary carbon market.
Overly stringent capital requirements would impair investment in the transformation to a green economy.
The exchange hopes to list carbon funds later this year.
Last year voluntary carbon markets traded more than $1bn in notional value for the first time.
The indexes will serve to stimulate the growth of the carbon removal ecosystems.
J.P. Morgan and ICE were among the investors in NCX.
TVCM is operated by IncubEx and uses Trayport’s Joule platform.
Carbonplace will provide settlement infrastructure by the end of 2022.
