Carbon neutrality is no longer a distant dream. It is a goal and an imperative after the Hong Kong government set 2050 as a target date to achieve it in the battle to combat climate change.
An important factor in reaching that goal is to use more renewable energy – a clean, inexhaustible, and increasing cost-competitive option that allows development without putting future generations in jeopardy.
Currently, however, renewable energy accounts for only 0.2% of the city’s total electricity supply in Hong Kong and more progress must be made. Businesses, which consume over 70% of electricity, can now contribute and have a major impact.
There are two options: They can either install renewable energy systems on their premises, connect to the CLP Power grid, and earn payments under the Renewable Energy Feed-in Tariff (FiT) scheme, or opt for the Renewable Energy Certificates (REC) programme – a flexible way to support the development of clean energy.