Market Chatter: Tencent to Form Carbon Credit Alliance by Year-End

MT Newswires Live

Nov 12

Tencent (HKG:0700) plans to establish a carbon credit buyers alliance by the end of this year to expand market supply and support climate projects in developing regions, Bloomberg News reported Wednesday, citing a senior company official at COP30 in Brazil.

The Chinese internet giant is in discussions with companies both within and outside China, primarily from the technology, manufacturing, and consumer sectors, to join the consortium, said Ella Wang, senior program director at Tencent's Climate Innovation Hub, according to the report.

The initiative will focus mainly on Asian corporations and carbon offset projects in Global South countries, she reportedly added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0031814852.USD","symbol_name":"FSSA GREATER CHINA GROWTH \"I\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2582317705","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582317705","pubTimestamp":1762914950,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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