‘Inexperienced finance to help HK procedure hydrogen vitality’

A explain tank on Thursday mentioned Hong Kong, being a world financial hub, can chase up the strategy of hydrogen energy by map of financing initiatives that make investments in green and sustainable sources of vitality.

Civic Alternate made the advice in its see of the shipshape vitality source, sooner than the government publishes its formula on the discipline within the principle half of of 2024 in a expose heart’s contents to de-carbonise town.

The explain tank’s examine analyst Soar Tsang mentioned the no longer too long within the past released Taxonomy for Sustainable Finance would procedure it more uncomplicated for companies to title and make investments in green hydrogen initiatives which salvage been fully zero-carbon.

She mentioned the SAR also can learn from South Korea, the set green bonds are issued to finance hydrogen infrastructure.

“Hong Kong is a world financial centre, [we] can line up with the banking establishments, the financial establishments, companies and the government to procedure the hydrogen transition occur,” she told RTHK.

Tsang added the government also needs to take care of the excessive fees and insufficient infrastructure of hydrogen vitality.

“Hong Kong at the moment has no proper and stable provide of hydrogen, and we ought to title within the market sources of hydrogen within the neighborhood and in shut proximity to Hong Kong to propel the utility of hydrogen.”

The explain tank also urged authorities to approve more pilot initiatives to chase up the strategy and adoption of hydrogen vitality within town.