Hong Kong

Another very enjoyable — but very busy — extended stay in Hong Kong, lasting more than a month. I arrived in mid-November for another CLSA “offsite” session about the carbon market, with one of their major financial clients. But most of the month was spent working on the Hong Kong Stock Exchange project, along with our Mallesons and Climate Focus teammates. We finished up our report in mid-December, and had meetings with senior management and the Board of Directors to discuss our findings and recommendations. The story hit the front page of the International Herald Tribune, and you can see some of my quotes about using market mechanisms for a local pollution clean-up. We’ll obviously be watching closely to see what happens in the environmental marketplace in Hong Kong over the coming months.