The International Seminar on “Connectivity of Asian Voluntary Carbon Markets (VCMs)” took place on August 26th and 27th 2024 in Hong Kong. Initiated by Dr. Ma Jun, Chairman of CASI and President of the Institute of Finance and Sustainability (IFS), this seminar was co-hosted by Hong Kong Green Finance Association (HKGFA), Capacity-building Alliance of Sustainable Investment (CASI), and MVGX Holdings (MGVX), with support from the Institute of Finance and Sustainability (IFS). The event brought together over 50 VCM specialists from regions including Mainland China, Hong Kong SAR, India, Indonesia, Malaysia, Singapore and Vietnam. Participants included policy advisors, regulators, and senior representatives from standard setting bodies, market exchanges, Multilateral Development Banks, private sector financial institutions, NGOs and service providers involved in the voluntary carbon markets. The seminar’s objective was to establish mutual understanding of challenges and to exchange knowledge and best practices of developing VCMs in Asia and globally, identifying barriers to VCM development in the region, and exploring pathways for enhancing the quality and interoperability across Asian Carbon Markets.

This note summarizes the key conclusions from the seminar, which include a few recommendations for policy coordination and capacity building.

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