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New Energy Transport Fund Steering Committee Appointed for Two-Year Term Starting April 1

HK

New Energy Transport Fund Steering Committee Appointed for Two-Year Term Starting April 1
HK

HK

New Energy Transport Fund Steering Committee Appointed for Two-Year Term Starting April 1

2025-03-31 11:00 Last Updated At:15:20

Appointments to eighth term of New Energy Transport Fund Steering Committee

The Environment and Ecology Bureau (EEB) today (March 31) announced the appointments to the New Energy Transport Fund (NET Fund) Steering Committee for a new two-year term starting from April 1.

The new term of the Steering Committee will continue to be chaired by the Chairman of the Council of Hong Kong Metropolitan University and Committee Member of the Chinese General Chamber of Commerce, Hong Kong, Dr Conrad Wong Tin-cheung, with members comprising experts and academics in green innovative transport technologies, representatives nominated from the transport trades, and representatives of relevant government departments.

The Secretary for Environment and Ecology, Mr Tse Chin-wan, thanked the outgoing members, Mr Kent Lam Wing-keung, Mr Ling chi-keung, Professor Lo Hong-kam, Mr Ng Kwan-sing, Mr Wilson Or Chong-shing, Mr Matthew Wong Leung-pak, and Mr Yu Kwok-Tai, for their enormous contributions to the Steering Committee and expressed his deep appreciation for the invaluable advice from all members of the last term rendered to the Government on the enhancement measures under Applications for Trial, including adopting the merit-based assessment criteria and introducing subsidy schemes for electric franchised buses and electric taxis under Applications for Use.

The membership of the Steering Committee in the new term is as follows:

Chairman

Dr Conrad Wong Tin-cheung

Members

Mr Chan Chi-fai*

Professor Chau Kwok-tong*

Miss Lai Hei-yan

Mr Lau Kim-wan*

Mr Jhonny Leung Huang

Mr Davy Lui Kin-wing*

Ms Venus Ma Chui-ki*

Mr Mo Shing-fung*

Mr James Wong Cheuk-on*

Mr Rex Wong Siu-han

Dr Daniel Yan Ting-kwan

Representative of the Electrical and Mechanical Services Department

Representative of the Environment and Ecology Bureau

Representative of the Innovation and Technology Commission

Representative of the Transport Department

Secretary

Principal Environmental Protection Officer (Air Policy), EEB

* New members

Transportation accounts for about 20 per cent of Hong Kong's total carbon emissions. The development of green transportation is crucial to achieving the goal of carbon neutrality. The Government has put in place the Fund (previously named the Pilot Green Transport Fund) since March 2011 to subsidise and encourage the testing and wider use of green innovative transport technologies for a variety of commercial transport tools. Since its establishment, the Fund has approved a total of 298 trials, including different types of green innovative transportation technologies, such as electric commercial vehicles, electric waste collection vessels and an electric vehicle as a medical clinic, with a total funding amount of about $243 million. The NET Fund will continue to subsidise the transport trade to encourage trials of other types of new energy transport technologies apart from electric commercial vehicles, and promote the wider local application of mature new transport technology. Key projects include trial applications for hydrogen fuel cell heavy vehicles and the two subsidy schemes for electric taxis and electric franchised buses.

The Steering Committee advises the Government on the operation of the Fund and the approval of funding for applications. For more information on the Fund, please visit: www.eeb.gov.hk/en/new-energy-transport-fund.html.

Speech by SCED at APEC MRT Meeting discussion session on Prosperity through Sustainable Trade

Following is the speech by the Secretary for Commerce and Economic Development, Mr Algernon Yau, at the discussion session entitled "Prosperity through Sustainable Trade" at the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade Meeting in Jeju, Korea, today (May 16):

Thank you, Chair, and good morning, colleagues.

Supply chains are the driving engines for today's global economy, yet they are also highly sensitive and vulnerable to external shocks, as we have witnessed during COVID-19 and in recent days.

Hong Kong, China (HKC), as an international shipping and logistics hub, has been implementing various measures to support sustainable supply chains. Our Climate Action Plan 2050 steers four major decarbonisation strategies, namely, net-zero electricity generation, energy saving and green buildings, green transport and waste reduction. Increasing the zero-carbon energy supply through renewable energy development, popularising the use of electric commercial vehicles, enhancing the current cross-border electricity transmission infrastructure and developing a green maritime fuel bunkering centre are just a few examples of our efforts on this front. Furthermore, to assist the trade in seizing the business opportunities in green logistics, we have also commenced a study on the development of green and sustainable logistics.

In December 2024, we launched the roadmap on sustainability disclosure in HKC, as a pathway for large publicly accountable entities to fully adopt, by 2028, the International Financial Reporting Standards - Sustainability Disclosure Standards (ISSB Standards), making HKC to be amongst the first jurisdictions to align its local requirements with the ISSB Standards.

In parallel, enabling initiatives have been rolled out to equip micro, small and medium-sized enterprises (MSMEs) with the means to manage their environmental footprint and encourage market participants to improve sustainable business practices. Funding schemes and capacity building programmes have also been put in place to encourage the adoption of digital technologies by MSMEs to facilitate the digital transformation of supply chains.

The issue of supply chains has always been an integral part of APEC discussions since 2009 when our predecessors endorsed the APEC Supply Chain Connectivity Framework Action Plan at the APEC Ministerial Meeting. HKC believes that APEC has a continued key role in facilitating our businesses in strengthening sustainable supply chains. APEC's role becomes even more important now than ever, when cross-border trade and investments and supply chains face uncertainty and unprecedented challenges.

To this end, HKC appreciates Korea's efforts in organising an informative public-private forum on this important topic last week.

Our collective goal of strengthening sustainable supply chains should never be a trade-off between sustainability and trade, but rather a synergy between the two. HKC is committed to working with all member economies to drive progress towards shared prosperity through sustainable trade.

Thank you.

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