Deutsche B枚rse and GFEX launch cooperation on carbon markets
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Deutsche B枚rse and GFEX launch cooperation on carbon markets 19 January 2022Germany Reporter: Carmella Haswell
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Deutsche B枚rse and Guangzhou Futures Exchange (GFEX) have partnered to promote carbon market development to facilitate the green transition of the Chinese and European economies.
A Memorandum of Understanding (MoU) has been signed by both parties, who will jointly explore opportunities in green finance product and service development.
A major element of the partnership is the business cooperation between European Energy Exchange (EEX) and GFEX.
Commenting on the partnership, Deutsche B枚rse executive board member Thomas Book, says: 鈥淲e are contributing to the green transformation of the financial and real economy. Establishing this partnership with GFEX is an important step to support the future development of green markets.鈥�
EEX chief executive officer Peter Reitz, adds: 鈥淭he introduction of a nationwide carbon market in China last year was a milestone in China鈥檚 climate policy. It is also testament to the important role markets can play in cost-effectively facilitating green transformation. Based on our long-standing experience in operating carbon markets, we are looking forward to partnering with GFEX in supporting the future development of the carbon market in China and beyond.鈥�
Chairman of GFEX HU Zheng, comments: 鈥淲e hope we can make full use of this opportunity to jointly break new ground in green development and make our due contribution to the realisation of the carbon goals of Sino-German, China-Europe, and even the world.鈥�
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