Hong Kong set to lead green building and flood-risk initiatives in Greater Bay Area as protests cast doubt over role
- The city’s worst political crisis in its history had raised concerns it could find itself frozen out of future GBA collaborations
- Collaboration on both fronts will be spearheaded by organisations based in the city, according to the Hong Kong Green Finance Association
Hong Kong is expected to play a leading role in driving efforts in the Greater Bay Area to make buildings more energy efficient and mitigate flood risks arising from climate change, it was revealed today.
Collaboration to achieve both goals will be spearheaded by organisations based in the city, according to the Hong Kong Green Finance Association.
“Hong Kong will lead the water risks and green building initiatives,” said Ma Jun, chairman of the association, on the sidelines of its annual forum in the city on Monday.
“We are contemplating launching a green finance alliance for the GBA early next year. Some of the administrative regions in the GBA have each proposed one or two projects for collaboration.
“The GBA is probably the most open area [in China] in terms of economic management, as well as capital account management … this makes it the most interesting [place to] experiment on how to advance green finance in China.”