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CGT Research Series Phase 1: Principles for advancing the adoption of the Common Ground Taxonomy in Hong Kong SAR and the Greater Bay Area

CGT Research Series Phase 1: Principles for advancing the adoption of the Common Ground Taxonomy in Hong Kong SAR and the Greater Bay Area

Year Published

2022

Contributing Organisations

Hong Kong Green Finance Association (HKGFA)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic
Taxonomies
Topic 2
Climate Policy & Policy Engagement
Topic 3
Transition Finance

Target Audience

All

Relevant Geography

Asia & the Pacific
CGT Research Series Phase 1: Principles for advancing the adoption of the Common Ground Taxonomy in Hong Kong SAR and the Greater Bay Area

Resource Summary

This report is the first one of a research series by the Hong Kong Green Finance Association (HKGFA) on integrating sustainable finance markets within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The series examines the International Platform on Sustainable Finance’s (IPSF) Common Ground Taxonomy (CGT). The CGT provides a comprehensive mapping and comparison between the EU and China’s taxonomies, an initial step towards the convergence of global standards of green definitions. This Phase 1 report provides the Hong Kong Green and Sustainable Finance Cross Agency Steering Group (CASG) with reflections of industry and expert opinions on the anticipated adoption of a local green classification framework based on the Common Ground Taxonomy (CGT). It also seeks to provide the pool of sustainable finance professionals with a broad overview of the practical and conceptual considerations and implications of climate taxonomies.

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