HK aims to balance its environmental goals with economic needs: environment chief

Secretary for Environment and Ecology Tse Chin-wan said the government will adopt flexible environmental protection strategies to minimize costs and maximize benefits, avoiding additional burdens on residents and businesses during challenging times.  

In his blog, Tse acknowledged the complexities of global trade tensions and geopolitics but emphasized that Hong Kong can still leverage innovative policies, collaboration, and stronger ties with the mainland and international partners to turn environmental challenges into economic opportunities.  

Key strategies include enhancing public education, closer cooperation with industries, and utilizing market forces to develop environmental infrastructure—reducing reliance on public funds.

For instance, the current administration revised plans for district cooling systems in the Hung Shui Kiu/Ha Tsuen and San Tin Technopole projects, scaling back government works to essential areas, saving an estimated HK$40 billion in construction costs.  

Tse also highlighted efforts to support the green economy transition, including expanding green finance. Over the past three years, Hong Kong has issued an average of US$72.5 billion annually in green and sustainable debt, maintaining its position as Asia’s top market for seven consecutive years.