Hong Kong’s 2050 climate goals at risk if ‘green finance’ funds don’t go to the right projects, experts say

Sustainability experts are questioning if Hong Kong’s push to become an international “green finance” hub will help the city reach its climate targets, with half of its first US$1 billion (HK$7.8 billion) environmentally friendly bond going toward a controversial incinerator project. The funding, they said, should be channelled instead towards decarbonising the city’s energy and transport sectors, which are still reliant on fossil fuels and together make up more than 80 per cent of Hong Kong’s…

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