We believe climate change is the most important issue Hong Kong faces – See Attachment 1. We therefore recommend the upcoming policy address prioritise action to accelerate decarbonisation and strengthen climate resilience in Hong Kong.
Moreover, as one of the world financial centres, Hong Kong can play a role in mobilizing the finance needed decarbonisation and climate resilience in Chinese and ASEAN. This requires establishing a robust ecosystem for sustainable finance, promoting climate innovation and technology and cultivating professional expertise across sectors.
We therefore present recommendations in three areas for the Chief Executive to consider for the 2022/23 Policy Address. These are set out in Attachment 2.
- Green and Sustainable Finance
- Mitigation (to reduce greenhouse gas emissions)
- Climate Governance
- Building Sector
- Transport and mobility
- Adaptation and resilience
We trust that the enclosed recommendations will be helpful, and we would be pleased to elaborate on any of the points mentioned.
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