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Rethinking Energy Session

HK2050isNow Energy & Mobility Summit

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In partnership with HK2050isNow, ReThink HK 2022 will co-host the HK2050isNow Energy & Mobility Summit.

Hong Kong has set a target to become carbon-neutral by 2050. But can it deliver? What is our best path forward?

The HK2050isNow Energy and Mobility Summit will highlight business strategies, policies and technology for decarbonising energy, in tandem with China’s latest energy commitments as part of the 14th Five Year Plan. It will unpack industry’s input to national energy ambitions, opportunities and gaps in renewable energy procurement and funding, the development and adoption of low-carbon transportation technologies, as well as strategies for a more transit-friendly and pedestrian-centric metropolis.

Summit speakers to be announced very soon!

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Day 1 – Wednesday 05 Oct 2022

11:00 – 11:05

Opening Welcome

11:20 – 12:10

Aligning Hong Kong and China’s Energy Sector Transition: Regional Collaborations for Our Future in Renewables

It has been close to two years since China pledged to peak carbon emissions before 2030 and achieve carbon neutrality by 2060. What progress has been made so far? This panel will discuss Hong Kong’s energy transition in line with national ambitions – implications and opportunities for Hong Kong’s power sector, gaps and solutions in renewable energy funding and procurement, and the needs and challenges of increasing energy storage.

Learnings

  • What role does Hong Kong’s power sector play, in line with China’s energy commitments as part of its 14th Five Year Plan? What business strategies, policies and technologies are being adopted to accelerate the decarbonisation of energy?
  • How can Hong Kong best collaborate and fast-track integration with the GBA? What opportunities exist in the competitive market of renewables? What are the barriers, and how can they be overcome?
  • Are there any out-of-the-box solutions that Hong Kong could consider?

Post-Event Actions

  • Gain insights on the state of play by Hong Kong and China’s energy sector, and how we can best accelerate our own and national net-zero targets via regional collaborations for renewables.
  • Consider how your company and industry can step up decarbonisation ambitions, in tandem with the region’s rapid transition to cleaner energy sources.

12:10 – 13:00

Getting Real: Hong Kong’s Paradigm Shift to a Hydrogen Economy

Power generation and transportation are among the biggest contributors to greenhouse gas emissions in Hong Kong. Decarbonisation of these sectors is therefore a priority, in order for the city to achieve carbon neutrality by 2050. As hydrogen emerges to fulfil its longstanding potential as a clean energy source, what are the opportunities and challenges of its adoption in Hong Kong?

Learnings

  • How can Hong Kong best tap into hydrogen’s potential for a clean, secure and affordable energy future?
  • What are the partnerships, technological, regulatory and investment support required for viability and scaling up?
  • What are the barriers to developing a hydrogen economy in Hong Kong, and how best to overcome them?

Post-Event Actions

  • Gain insights on the latest technological, regulatory and investment trends for developing a hydrogen economy.
  • Understand the potential of hydrogen for a net-zero economy by 2050, including how hydrogen compares with other fuels for decarbonisation by industry.
  • Rethink how your company and industry could collaborate and support the deployment of hydrogen in Hong Kong.

13:00 – 13:10

Civic Exchange Reports: The Greater Bay Area Green Building Project

Led by Civic Exchange, this project is the third of a series of reports part of a research initiative on green buildings, and represents a collaboration between HK2050 is Now, the Greater Bay Area Green Finance Alliance and Hong Kong Green Finance Association. The report will examine four cities in the Mainland China – Guangzhou, Shenzhen, Foshan and Zhuhai – with the aim of reviewing data availability, existing policies, challenges and obstacles for building emissions reduction, and to provide suggestions from perspectives of government policy, corporate action and financial tools.

13:20 – 14:10

Synergising for Energy Efficiency and Demand Management: A Case Study on our Built Environment

Despite the progress that has been made to improve the energy efficiency of buildings, there remains a lack of specification on whether a building is energy efficient and achieving its designed operating efficiencies. Adding to this are privacy concerns relating to the transparency of energy data. How can we synergise data collection and utilisation for better energy efficiency and demand management for buildings in Hong Kong?

Learnings

  • How can we create an enabling environment for collecting data from buildings? What are the existing infrastructural and regulatory barriers for enhancing energy data transparency?
  • How can business leaders interpret and utilise the data effectively for their decision making?
  • What role do SMEs play in energy data in collaboration with corporates?

Post-Event Actions

  • Gain insights from leading companies on building energy efficiency as well as data disclosure and utilisation
  • Rethink your own operations with consideration for energy efficiency, drawing on case studies from our built environment.
  • Seek business opportunities and partnerships to better interpret and utilise your own energy data for positive impact.

14:45 – 15:00

Civic Exchange Reports: The Zero Emissions Mobility Project

With private car numbers on the rise and usage of dated technology in transportation systems, traffic conditions and pollution have worsened in recent years, contributing to increasing carbon emissions in Hong Kong.

This session will highlight the changes needed for the transportation industry to tackle technological, infrastructural, regulatory and funding challenges. This will include tech-based solutions — such as battery electric buses, hydrogen fuel cell buses, government subsidies, and green financing— as well as efficiency solutions, such as reliability improvements with the help of “big data” and customer-facing upgrades.

Post-Event Actions

  • Encourage a modal shift in transportation systems.
  • Rethink how we can improve road efficiencies, including the growth of corporate vehicle fleets.
  • Support retrofitting, such as the installation of catalytic converters, on all ICE vehicles prior to 2032 to accelerate emissions reduction and improve Hong Kong’s air quality.

15:00 – 15:50

Accelerating Business Transformation Towards the New Mobility Paradigm – Financing Solutions and Barriers

Despite growing policy support for accelerating low-carbon transportation and fleet electrification in Hong Kong, numerous barriers and risks continue to impede progress at meaningful scale. Some of these barriers are technological in nature, such as the suitability of battery range to fleets’ duty cycles. Others relate to the financing of electrification projects, such as concerns on ownership costs and residual value.

Getting to scale will therefore require entirely new approaches. In this session, speakers will share innovations in business models and financial strategies that are key to de-risking adoption and unlocking needed levels of deployment growth.

Learnings

  • Why transformation of business models and the value chain is key to unlocking deployment growth towards low-carbon mobility in Hong Kong
  • How decision makers can best address barriers and risks of transformation, and unleash private market capital at the scale and speed needed

Post-Event Actions

  • Gain insights on current challenges and approaches that are being adopted to transform business models, such as the internalisation of external costs of carbon.
  • Rethink how your company and industry can support the acceleration of fleet electrification and Hong Kong’s low-carbon mobility ambitions.

15:50 – 16:40

E-Mobility: Harnessing Policy and Technology on Our Low-Carbon Journey

As electrification of transportation systems progresses globally, there is a need for us to prepare on all fronts to meet a new era of rapid and widespread adoption of EVs, in line with the Hong Kong government’s target to attain zero vehicular emissions before 2050. And as stakeholders continue to keep pace with new technological and infrastructural opportunities and adapt to challenges, regulatory support and synergy between government, industry and other relevant stakeholders will be key.

Learnings

  • What levels of policy and regulatory support will be needed for businesses to achieve a rapid transition to zero vehicular emissions? How can we harness the “Roadmap on Popularisation of Electric Vehicles” to drive greater public-private collaboration?
  • What are some current technological and infrastructural barriers, and what opportunities exist to overcome them?
  • To achieve a quantified modal shift to EV adoption, what best-in-class initiatives can Hong Kong draw from other leading cities?

Post-Event Actions

  • Rethink public-private collaboration to enhance regulatory and policy support for the popularisation of EVs and our transition towards zero vehicular emissions.
  • Gain insights on proven and developing innovations in the fast-emerging EV space.
  • Consider opportunities for investing in the modal shift towards widespread EV adoption.

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All sessions are subject to change.