Green energy

As Hong Kong sets out its plans to decarbonise by 2050, hydrogen is drawing strong interest as the way to store, transport and deploy clean energy.

The global surge in renewable power installation, especially solar, resembles the revolutions brought by coal-fired steam in the mid-19th century and petrol-driven engines in the early 20th century.

With sustainability an increasingly critical issue across industries, firms are rapidly adopting innovative digital technologies to drive green development.

The opening of Hong Kong’s first hydrogen fuelling station and debut of a hydrogen-powered public bus in the city took place at this year’s Asian Logistics, Maritime and Aviation Conference (ALMAC), a point picked up by several delegates.

Renewable energy technology is developing at bullet-train speed in Hong Kong and Mainland China, where preparations for the upcoming COP28 United Nations Climate Change conference in the United Arab Emirates in late November are on the fast track.

Environmental, social and corporate governance (ESG) investing has moved into the mainstream and, at US$53 trillion, could account for one third of assets under management as soon as 2025, based on data from Bloomberg.