#Consumption & Lifestyle, #Energy, #Green Economy, #Green Finance, #Mobility, #Waste

On 31 July 2020, the HK2050isNow Climate Idea Exchange brought together 30 prominent NGOs to share our vision to transition Hong Kong towards carbon neutrality. During the meeting, participants were arranged in Breakout Room discussions facilitated by five NGO leaders, on four different topics: Decarbonization, Green Finance, Waste, and Conservation. We are excited to share a summary of these discussions.

Civic Exchange Board Member, Lisa Genasci offering opening remarks at HK2050isNow Climate Idea Exchange


The Decarbonization group discussed how Hong Kong can achieve net-zero emissions by decarbonising its power sector. The group started by recognizing that HK might have underestimated the potential of imported nuclear energy as a sustainable energy source. They also talked about local wind energy as a highly potential source. 


In another Decarbonisation group with a focus on improving mobility, the group discussed how the transportation sector can contribute to HK’s pathways to decarbonisation through implementing more clean-energy source transport, e.g. EV or hydrogen buses being the city’s infrastructure. Yet, they also addressed the need for more public open space in HK, which will make public transportation systems a more attractive and viable option.


The Green Finance group discussed how to transform HK into a low-carbon Green Economy. To do that, the group identified the need to have more talents and build more capacities within the green bond auditing industry. The group also discussed HK’s strategic position in developing green finance, by collaborating more with the GBA and global investors and achieving a balance of embracing both international and local standards when establishing our local taxonomy.


The Waste group discussed the external and local challenges to waste management. The major external challenge that is China refusing all imports of waste from 2021, putting more strain on HK’s waste management system. Local challenges include the convenience of buying unrecyclable, non-biodegradable products, as well as the little public trust in the HK Gov capacity to recycle. Hong Kong needs to have mandatory legislation for a waste charging scheme and continuous education of the public should also be key.    


Lastly, the Conservation group discussed responding to climate change through Nature-Based Solution (NBS) approach but first, we must build on the foundational knowledge of NBS. Finding a link between NBS and green finance and blue economy will encourage the HK Gov should integrate NBS into its sustainability blueprint, making it more of an obligation rather than a side project. 


Looking ahead, HK2050isNow hopes to facilitate a joint NGO submission to the Chief Executive’s 2020 policy address, which will take place in autumn. We are encouraged by the enthusiasm and continued commitment shown by the participating NGOs, and HK2050isNow and Civic Exchange look forward to collaborating with the wider community to make Hong Kong a more sustainable and liveable city.