Wednesday 14 April 2021
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scmp - 2 month ago

Hong Kong budget: city bets big on electric vehicles and green finance, but environmental groups say more needed to hit 2050 carbon neutrality goal

Hong Kong’s new budget will have a greener focus, with authorities set to phase out the purchase of fossil fuel-powered private cars by 2035, placing an increased emphasis on green finance and upgrading facilities at the city’s country parks.But local green groups said the budget missed the mark when it came to funding for renewable energy that would help Hong Kong transition to a sustainable, low-carbon economy, raising questions over whether the city would be able to hit its stated goal of…


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