Hong Kong Climate Action

The Paris Agreement designated the Global Stocktake as a process to assess climate action progress every five years and to provide a basis for more ambitious initiatives. The first Stocktake was concluded during the UN’s annual Climate Conference held in Dubai, UAE (“COP28”), covering scopes of mitigation, adaptation, finance, loss and damage, and other emerging topics. At the business level, there are efforts, such as the Corporate Climate Stocktake 2023, to evaluate the latest corporate climate action undertaken by major industry sectors, review progress, and address barriers faced by businesses amid a challenging macro business environment.
 
The Hong Kong Government released the Climate Action Plan 2050 (“CAP2050”) in 2021 to outline its vision of achieving carbon neutrality by 2050 through decarbonisation strategies via electricity generation, buildings, transport and waste management. While the CAP2050 sends a clear signal and mobilises businesses to embark on their decarbonisation journey, stakeholders have started raising questions about specific decarbonisation pathways, medium-term goals, and the bottlenecks they encounter. It is also time for us to identify accelerators for more ambitious climate action in Hong Kong. In this Conference, we will:

  1. Evaluate the progress of Hong Kong’s climate action in strategic areas through stock-taking;
  2. Showcase and learn from successful decarbonisation cases in different business sectors;
  3. Understand the barriers hindering climate action and how we can overcome them to accelerate progress.

SCG attended the BEC Enviroseries Conference Stock-taking Hong Kong’s Climate Action: Business Progress, Barriers and Accelerators on 30 May 2024 at the Cordis Hotel.

About Business Environment Council Limited 商界環保協會有限公司

Business Environment Council Limited (“BEC”) is an independent, non-profit membership organisation, established by the business sector in Hong Kong. BEC is also a tax-exempt charitable organisation under Section 88 of the Inland Revenue Ordinance (Cap 112). Since its establishment in 1992, BEC has been at the forefront of promoting environmental excellence by advocating the uptake of clean technologies and practices which reduce waste, conserve resources, prevent pollution and improve corporate environmental and social responsibility. BEC offers sustainable solutions and professional services covering advisory, research, assessment, training and award programs for government, business and the community, thus enabling environmental protection and contributing to the transition to a net-zero economy.