The EU’s net-zero plan for buildings is a good model. For a start, Hong Kong needs a mandatory energy label for buildings as a basis, and a combination of information, incentives and regulation to succeed
What we got was incrementalism when deep and radical solutions are needed. Politicians are fiddling while the world burns. Nevertheless, Hong Kong can play a key role in how carbon trading is implemented and in financing the energy transition.
From buildings to cars, bank loans to investments, the idea is to reward energy efficiency and tax emissions – turning everything into a market where carbon emissions carry a price.