Hong Kong rail giant the MTR Corporation has raised €3 billion (HK$27.36 billion) by selling its first euro-denominated public green bonds, in its largest bond deal to date. The semi-privatised corporation said on Thursday that the sale also marked the largest Asia ex-Japan non-sovereign euro green bond offering. Amid a string of new rail projects…
Hong Kong sees itself as a modern, well-governed, global city that moves with the times. On finance, education, legal services and logistics, that self-image holds. But when considering the green transition, particularly transport electrification, the gap between rhetoric and reality is increasingly hard to ignore. Nowhere is this more evident than in electrifying the taxi…
Hong Kong will not pursue carbon-based taxation in its decarbonisation efforts, as maintaining a low and simple tax framework is central to the city’s competitive advantage, the financial chief has told a panel at the World Economic Forum. Speaking at the “How to Finance Decarbonization?” panel in Davos, Switzerland, Financial Secretary Paul Chan Mo-po said…
The unprecedented five black rainstorms in Hong Kong this year have exposed major weaknesses in the city’s climate defence strategy, with authorities underestimating risks and eroding public confidence, a top climate scientist has warned, as he called for a review of workplace guidelines to better protect workers in extreme weather. The warning on Friday by…
The unprecedented five black rainstorms in Hong Kong this year have exposed major weaknesses in the city’s climate defence strategy, with authorities underestimating risks and eroding public confidence, a top climate scientist has warned, as he called for a review of workplace guidelines to better protect workers in extreme weather. The warning on Friday by…