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FS paves way to green, digital future

A number of initiatives and measures aimed at accelerating high-quality development were announced in today’s 2024-25 Budget, with the Government emphasising a move towards a green future and digitalisation.   Explaining that high-quality development spurs ongoing economic innovation and growth whilst conserving the natural environment, Financial Secretary Paul Chan said Hong Kong must pursue opportunities through leveraging its advantages under “one country, two systems”, namely those of enjoying strong support at a national level and being closely connected to other parts of the world.   He stressed that green development involves huge business opportunities and financing needs, as governments and businesses around the world pursue carbon neutrality and green transformation. In addition, he said digitalisation has become a new driving force for economic development, empowering enterprises to enhance efficiency, boost their competitiveness and achieve new growth.   Introdu

Energy efficiency meeting held

Secretary for Environment & Ecology Tse Chin-wan today attended the 60th Meeting of the Expert Group on Energy Efficiency & Conservation of the Asia-Pacific Economic Cooperation (APEC) held in Hong Kong.   In his welcome speech, Mr Tse said that Hong Kong was honoured to host the meeting again after 2019 and 2020 to provide a platform for direct dialogue among APEC partners.   “It is encouraging to see over 50 experts and delegates from 11 APEC member economies as well as four international organisations gather again to share insights and exchange experiences with their counterparts after the stabilisation of the epidemic.”   As the Asia-Pacific region develops, its energy demand and consumption would continue to increase, which may lead to an increase in emissions of greenhouse gases, he pointed out.   To achieve carbon neutrality before 2050, the Hong Kong Special Administrative Region Government published Hong Kong’s Climate Action Plan 2050 in 2021, outlining the strategies and targets for combating climate change and achieving carbon neutrality. The Office of Climate Change & Carbon Neutrality was also set up in January 2023 to strengthen the co-ordination and promotion of decarbonisation work.
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