Challenges to Hong Kong's Green Finance Hub Status Highlighted by Greenpeace

Sunday, 24 March 2024, 02:00

Greenpeace raises concerns about Hong Kong's status as a green finance hub due to loopholes and insufficient greenwashing checks. The city is urged to establish financing volume targets, limit fossil fuel funding, and introduce a dedicated anti-greenwashing legislation to maintain its position.
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Challenges to Hong Kong's Green Finance Hub Status Highlighted by Greenpeace

Challenges to Hong Kong's Green Finance Hub Status

Greenpeace has pointed out several loopholes and the lack of sufficient greenwashing checks that are putting Hong Kong's position as a green finance hub at risk. The city is recommended to set targets for financing volumes, impose restrictions on fossil fuel funding, and implement a specialized law to combat greenwashing.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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