International Experiences in Green Finance Development

42 International Experiences in Green Finance Development: Lessons for Hong Kong Time Policy Content Institution Feb 2022 The Government Green Bonds Programme (update) (Announced by the Financial Secretary in 2021-22 Budget) This update plans to double the borrowing ceiling of the Government Green Bonds Program (GGBP) to HK$200 billion (about US$25.6 billion) to allow for further issuance of green bonds totaling HK$175.5 billion (about US$22.5 billion) in the five financial years from 2021-22, giving the Government more room for piloting the issuance of green bonds that involves more types of currencies, project types and issuance channels. FSTB Oct 2022 The Pilot Green and Sustainable Finance Capacity Building Support Scheme This Scheme aims to support talent development in green and sustainable finance by providing subsidies to market practitioners as well as prospective practitioners in taking up relevant training and acquiring relevant professional qualifications. CASG May 2023 Discussion Paper: Prototype of a Green Classification Framework for Hong Kong This Discussion Paper seeks feedback on developing and adopting a green taxonomy for Hong Kong. HKMA