Green Finance Association: Green Projects Profitable, Northern Metropolis to Become Green Tech Showcase
On.cc · 1 SOURCESabout 2 hours ago5 MIN
Summary
The Hong Kong Green Finance Association announced that many green projects have become profitable and financeable without government subsidies, marking a significant shift in the green economy. Association Chairman Ma Jun (馬駿) said on Monday that the Northern Metropolis will serve as a platform to showcase green technologies including hydrogen transport, renewable energy, and electric vehicles. The forum also launched the Green Accelerator initiative to promote wider application of green technology in the Global South.
Key Points
- Hong Kong's government has set a target to halve carbon emissions by 2035, with the Northern Metropolis expected to become a key green technology showcase platform
- Ma Jun, chairman of the Hong Kong Green Finance Association, noted that green projects have shifted from requiring government subsidies to becoming profitable, investable ventures
- Green technologies to be showcased in the Northern Metropolis include hydrogen transport, renewable energy, electric vehicles, rainwater collection systems, and waste-to-energy solutions
- The Green Accelerator was officially launched at the forum, aiming to promote green technology application in the Global South and bridge project financing gaps
- The central government has required provincial and municipal officials to incorporate carbon emission reduction targets into their assessment indicators since April 2026
- China aims to reduce carbon dioxide emissions per unit of GDP by 17% by 2030, with targets including total carbon emissions, carbon intensity, and coal usage
Why It Matters
The transformation of green projects from subsidy-dependent ventures into profitable investments signals a fundamental shift in Hong Kong's green economy, potentially attracting more private capital to sustainable initiatives. The Northern Metropolis's role as a green technology showcase, combined with the Green Accelerator program, positions Hong Kong to become a regional hub for green finance while supporting the broader Greater Bay Area's decarbonization efforts .
The transformation of green projects from subsidy-dependent ventures into profitable investments signals a fundamental shift in Hong Kong's green economy, potentially attracting more private capital to sustainable initiatives. The Northern Metropolis's role as a green technology showcase, combined with the Green Accelerator program, positions Hong Kong to become a regional hub for green finance while supporting the broader Greater Bay Area's decarbonization efforts .