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The Arctic Gateway

When: Wednesday 6th April 2022 , 9:00am – 10:00am ET

Description

In early October 2021, before the Glasgow Climate Summit, the Hong Kong Special Administrative Region (HKSAR) Government published its Climate Action Plan 2050. The government has pledged to achieve carbon neutrality before 2050, including an interim target of reducing Hong Kong’s carbon emissions by 50 percent before 2035 compared to 2005 levels. The Climate Action Plan lays out deep cuts in fossil fuels in Hong Kong’s power sector -- the source of two-thirds of the city’s greenhouse gas emissions.

At this April 6th CEF meeting, Hong Kong’s Secretary for the Environment, Mr Wong Kam-sing, will give an overview of the core strategies the government is adopting to combat climate change. Over the next 15 to 20 years, the HKSAR Government will invest over US$30 billion (some HK$240 billion) into climate mitigation and adaptation initiatives, including the acceleration of net-zero electricity generation, energy efficiency, green buildings and electric vehicles (EVs), as well as waste reduction.

Following the Secretary’s comments, he and two Hong Kong-based subject matter experts will join CEF’s Director Jennifer Turner in a conversation to delve deeper into Hong Kong’s decarbonization efforts. Darryl Chan, Executive Director of Hong Kong Monetary Authority, will talk about how the international financial center expands its green finance ecosystem, and Professor Becky Loo, University of Hong Kong, will highlight the opportunities and obstacles for EVs and other green transport approaches in Hong Kong.

 

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