The 2019-20 Budget was announced earlier today (27 February 2019) by the Financial Secretary. BEC is pleased to note the Government’s plan to prepare for the inaugural issuance of the government green bond, allocate an extra HK$1billion funding for departments to install renewable energy facilities, enhance public electric vehicle charging infrastructure, and conduct a stakeholder consultation for electronic road pricing. These initiatives are in line with BEC’s recommendations set out in our policy submissions for the 2018 Policy Address and the 2019-20 Budget.
BEC, however, would also like to stress on the importance of providing financial resources to further improve buildings energy efficiency, support waste management and extended producer responsibility, and galvanise business climate action, which is missing in the Budget.
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About Business Environment Council Limited 商界環保協會有限公司
Business Environment Council Limited 商界環保協會有限公司 (“BEC”) is an independent, charitable membership organisation, established by the business sector in Hong Kong. Since its establishment in 1992, BEC has been at the forefront of promoting environmental excellence by advocating the uptake of clean technologies and practices which reduce waste, conserve resources, prevent pollution and improve corporate environmental and social responsibility. BEC offers sustainable solutions and professional services covering advisory, research, assessment, training and award programmes for government, business and the community, thus enabling environmental protection and contributing to the transition to a low carbon economy.