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Industry News


Kong Trade Development Council. Companies will be subsidised 50% of the participation fee, subject to a cap of HKD 10,000 (USD 1,282).


Opportunities in the Greater Bay Area’s eco- friendly market Hong Kong offers the ideal location for companies to enter the evolving Greater Bay Area (GBA) market – a Mainland Chinese government initiative to develop an integrated economic hub by linking nine major cities of South China’s Guangdong Province, Hong Kong and Macau. As one of the biggest energy users and greenhouse-gas emitters in the world, Mainland China has, in recent years decided that future developments need to preserve its environment. The sustainability objectives of the Greater Bay Area scheme demonstrate this shift. The 11 cities that form the economic hub promote shared goals towards building a greener, more sustainable environment. Reduced emission levels, water pollution prevention, waste management, green building investments and energy saving are among the project’s policies. The strong focus on business-


to-government (B2G), as well as business-to-business (B2B) opportunities at Eco Expo Asia make it the ideal platform to take advantage of the GBA eco efforts, along with other green objectives that have been introduced by various Asian governments. Some cities from the GBA will also have dedicated pavilions to present their own technologies and products to potential buyers and investors. With strong government support, funding and clear goals, the future of the area looks positively green.


Investment for green transport technologies in Hong Kong An initiative that promises support for companies in the green transport sector is the Pilot Green Transport Fund launched by Hong Kong’s Environmental Protection Department. The Hong Kong SAR Government injected HKD 300 million into the fund in order to support the testing for green technologies


Summer 2020 Forest Bioenergy Review 7


within the public transport sector. Two trials are set to go ahead to test an electric propulsion system and hybrid propulsion system with the aim to electrically power ferries in Hong Kong. A transition of this scale would help tackle low air quality and high emission levels in the city. Other green technologies could be utilised in different forms of public transport


with similar funding prospects. The scheme is another example of the types of opportunities on offer in the region, which can be explored at Exo Expo Asia. Eco Expo Asia 2020 will be


held from 28-31 October, 2020 at AsiaWorld-Expo. The fair is jointly organised by the Hong Kong Trade Development Council (HKTDC)


and Messe Frankfurt (HK) Ltd and co-organised by the Environment Bureau of the Hong Kong Special Administrative Region (HKSAR) Government. For more information, please contact:ecoexpo@hongkong. messefrankfurt.com or exhibitions@ hktdc.org, or visit www.ecoexpoasia. com.


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