Thanks again to Construction Industry Council for inviting HKGFA to the Global Construction Sustainability Forum & Exhibition 2023 today and placing a spotlight on the importance of finance for green building development. Ms. Tracy Wong Harris, HKGFA Executive Vice President (Standard Chartered Bank) shared at the ‘Green Finance’ track of the Global Construction Sustainability Forum (Governance), a comprehensive overview on Green & Sustainable Finance Market and Products and key findings from the GBA Deep Decarbonisation Pathways Report published earlier this year.
Key takeaways of the session:
- There is immense demand for green finance and different sustainable finance products as a key tool for the industry to tackle the challenges of climate risk mitigation and decarbonisation.
- The opportunities for carbon markets are growing especially with the recent MOU signed between Hong Kong Exchanges and Clearing Limited (HKEX) and the China Emissions Exchange Shenzhen to work closely together in terms of increasing awareness of developing the voluntary carbon market in GBA.
- Looking into decarbonisation pathways, buildings are a top three consumer of energy together with the road transport and manufacturing sectors. Decarbonisation of these sectors will require around USD 2 trillion of investment under China’s dual carbon targets. Hong Kong as a leading green finance and green tech hub can play a key role in this transition.
More details about the report: https://lnkd.in/gbrVJkqQ
HKGFA looks forward to working closely with different sectors including the building and construction industry and to create knowledge exchange platforms through our Working Groups to facilitate collaboration and support the transition. Contact us at email@example.com if you are interested to know more.