Hong Kong 2050 is Now: Hong Kong Think Tank Urges Immediate Climate Actions | Digital Conqueror

Hong Kong 2050 is Now: Hong Kong Think Tank Urges Immediate Climate Actions

Hong Kong can achieve net zero emissions by 2050 if all parties act now

HONG KONG, CHINA –
Media
OutReach
 – 29 June 2020 –

If we act now, Hong Kong can reduce greenhouse gas
emissions by 90% by decarbonizing the power sector, improving building efficiency, and enhancing mobility, according to a comprehensive
roadmap released today by Civic Exchange, an independent public policy think
tank, and World Resources Institute (WRI), a global research organization.


Photograph credit: Sébastien Goldberg

The report highlights the urgency as well as the opportunities
for Hong Kong to strengthen policy action. The recommendations can not only
guide Hong Kong to significant emissions reductions by 2050, they also offer Hong
Kong a glimpse of a carbon-neutral future that is greener and more-liveable,
with minimal pollution, readily available public transport, healthy low-carbon
lifestyles and more. To achieve this, the city must step up as a leader in
combating the global climate emergency.

“Unlike other cities, Hong Kong doesn’t have a
manufacturing economy so is relatively easier to decarbonize,” said Lawrence
Iu, a co-author of the report launched Towards a Better Hong Kong: The Pathway
to Net Zero Carbon Emissions by 2050.

In 2018, the Intergovernmental Panel on Climate Change
(IPCC) urged the international community to achieve carbon neutrality by 2050
to avoid irreversible consequences of climate change. WRI and Civic Exchange’s
report states that Hong Kong is likely to achieve our 2030 climate target of
reducing absolute carbon emissions by 26-36% compared with 2005. Hong Kong has yet
to set targets to achieving carbon neutrality by 2050.

“Over the past decades, Hong Kong has made significant progress in
promoting low-carbon development.  Since
2005, Hong Kong’s GDP grew by about 50%
but greenhouse
gas emissions reduced by 1.2%. This indicates
that Hong Kong’s economic growth has already decoupled from greenhouse gas
emissions.” said Wee Kean Fong, Deputy Director of WRI China. “However, to achieve global net zero emission by 2050,
all cities around the world, including Hong Kong, will need to step up climate
action urgently.”

The report evaluates key policies for the economy and
provides policy recommendations for strengthening Hong Kong’s transition to a
net zero emission society. Among these, power generation, building energy
efficiency, and transportation are the sectors with the greatest potential for
emission reductions, amounting to a total of 32 million tonnes of carbon
dioxide between now and 2050 should the report’s policy recommendations be
fully adopted.

“By embracing
the net zero emissions pathway, we can look forward to a cleaner, greener and
healthier Hong Kong,” said Lisa Genasci, CEO of the ADM Capital Foundation. “and
reap significant economic and social benefits, in particular, life quality
improvement and job creations.” Overall, 26,000 lives could be saved from
cleaner air alone and there would be HK$ 460 billion in monetized benefits by
2050.

This report is the first in a series of projects by
Hong Kong 2050 is Now
, a joint initiative commissioned by Civic Exchange and
WRI with a mission of transforming Hong Kong into a carbon neutral city. The current report was
jointly funded by RS Group, ADM Capital
Foundation, WYNG Foundation and HSBC. HK2050 is Now is currently embarking on
Phase Two–conducting deep dives into sector-specific areas, including energy
supply, building energy efficiency, transportation, carbon pricing, and
lifestyle to provide analysis and more detailed solutions for Hong Kong.

Key Policy Recommendations for Hong Kong’s Roadmap
to a Zero-Emissions Future

 

Decarbonization Sector

Reduction potential (million tons CO2e)

Key
policies

Energy

27

  • Develop more local renewable energy
  • Complete the transition from coal to gas fired electricity generation.
    Plan to add carbon capture and storage (CCS) to gas fired generation units
    when the technology is viable
  • Source more near zero carbon energy from regional sources
  • Replace gas with zero or near zero hydrogen

Building
Energy Efficiency

10.6

  • Introduce stricter energy efficiency standards
  • Make transparent energy efficiency reporting a pre-requisite for GFA
    concessions.
  • Incentivize retrofits.

Transportation

6.7

  • Tighten vehicle fuel economy standards
  • Implement an electric vehicle sales mandate by mid-2030

In addition to reducing greenhouse gas emissions from its own territory, Hong Kong must consider the implications of the global move to net zero.  In particular, (a) Greenhouse gas emissions from producing the food, manufactured goods and building materials it imports; and, (b) the impact on its economy of reducing shipping and aviation emissions. For this Hong Kong needs better information. For example, to obtain a better understanding of the emissions required to construct buildings, the report recommends making it a pre-requisite for GFA concessions that a Life Cycle Analysis is provided for a new building before an occupation permit is issued.

Learn more by visiting the Hong Kong 2050 is
Now website


http://hk2050isnow.org

News Source: MediaOutreach

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