Sustainable Development Committee presents:

Sustainable Fuel in the HK Transportation Sector - Challenges & Opportunities

The HK Government has identified that, following electricity generation, which contributes over 60% of the total greenhouse gas emission locally, the transport sector comes next at just under 20%. Meanwhile, local transport accounted for about 7% of GDP in 2023. In order to reduce GHG in the entire transportation sector including road, marine and aviation, the government is pursuing a multi-pronged approach in promoting cleaner and greener fuel use. These initiatives include:

1. publishing the Action Plan on Green Maritime Fuel Bunkering that sets out clear strategies and actions to promote the development of Hong Kong into a high-quality green maritime fuel bunkering centre;
2. establishing an Interdepartmental Working Group on the application of hydrogen energy in Hong Kong, which is aimed at collaboration with franchised bus companies to test out hydrogen fuel cell electric buses and heavy vehicles; and,
3. The International Air Transport Association adopted in 2021 a target for the global air transport industry to achieve net zero carbon emissions by 2050. Hong Kong's International Airport, Business Environment Council, the airlines and fuel suppliers are rolling out new strategies and schemes to deliver Sustainable Aviation Fuel (SAF) complementing the Policy Whitepaper on SAF Strategy for HK (2024).

Will these coordinated efforts help to "move the needle"? Is the policy landscape adequate at present? Is HK ready and able to take on the challenges for transport sector decarbonisation? Is there sufficient support for R&D and development of the value chain in all forms of green fuel inputs? What is the demand uptake scenario? Will the new green fuel demand pull evoke an adequate supply chain response? These are the hot button topics in the pursuit of Sustainable Fuel in Transportation.

Our panel of industry experts will help answer some of these questions. You are invited to participate in the dialogue at this panel and contribute to the thought process in promoting green energy in HK's vital transportation sector.