2023 Brochure released!

HK2050isNOW Energy Report Presentation

Day 1 - 5th Oct | 12:10 - 12:20

Location: Sustainable Resources Theatre

Decarbonisation

Overview

Expanding on the deep decarbonization roadmap developed in the first report under the Hong Kong 2050 is Now initiative, “Towards a Better Hong Kong: Pathways to Net Zero Carbon Emissions by 2050”, this report focuses on the decarbonization of the power sector in Hong Kong, covering the generation and transmission of electricity and piped gas from a supply perspective. Based on the in-depth analysis of different power technologies, this report defines concrete pathways and implementation roadmaps for policy makers and the power sector.

Learnings

The analysis presented in this report takes a closer look at developing domestic renewable energy resources, sourcing nuclear and renewable energy from neighbouring regions, replacing coal with gas, coupled with negative emission technologies such as Carbon Capture, Utilization, and Storage (CCUS) technology, or with green hydrogen, and replacing distributed gas with a net-zero emission source.

Post Event Actions

As zero and low carbon emitting technologies are newer and still being developed, the high costs are often prioritised and prevent the environmental benefit. However, if Hong Kong is to meet its decarbonization targets, greater investment will need to be injected into green products and technologies in order to further develop them and ultimately lower the cost of such technologies to enable widespread use. Hong Kong should continue to explore the use of various technologies and a diverse fuel mix consisting of natural gas, nuclear, renewable energy technologies, hydrogen, and other clean or low carbon sources.

Speakers

Lawrence Iu

Executive Director

Civic Exchange

Lawrence Iu

Executive Director

Civic Exchange

Lawrence Iu is Executive Director at Civic Exchange. As a professional environmental strategist, he has profound experience in crafting climate change models and impactful public policies. His current focuses are on policy action in Energy, Building Energy Efficiency and Mobility. He has successfully built a platform with public, corporate and government stakeholders to craft an inclusive transition plan with strong buy-in.

In his previous roles in a multinational corporation and a higher institution, Lawrence led environmental sustainability and occupational health & safety projects across Asia Pacific and coordinated emerging technology management, circular economy and green chemistry research.

My Sustainability Goals for 2022:

Despite these difficult times, we must remain forward looking and anticipate the time of recovery. Even more so, we are now in a favourable position to make fundamental policy decisions to rethink our economic model, making it fit for a low carbon missions world, and to set course for a better, sustainable, and more liveable future for Hong Kong.