The Paris Agreement designated the Global Stocktake as a process to assess climate action progress every five years and to provide a basis for more ambitious initiatives. The first Stocktake was concluded during the UN’s annual Climate Conference held in Dubai, UAE (“COP28”), covering scopes of mitigation, adaptation, finance, loss and damage, and other emerging topics. At the business level, there are efforts, such as the Corporate Climate Stocktake 2023, to evaluate the latest corporate climate action undertaken by major industry sectors, review progress, and address barriers faced by businesses amid a challenging macro business environment.
The Hong Kong Government released the Climate Action Plan 2050 (“CAP2050”) in 2021 to outline its vision of achieving carbon neutrality by 2050 through decarbonisation strategies via electricity generation, buildings, transport and waste management. While the CAP2050 sends a clear signal and mobilises businesses to embark on their decarbonisation journey, stakeholders have started raising questions about specific decarbonisation pathways, medium-term goals, and the bottlenecks they encounter. It is also time for us to identify accelerators for more ambitious climate action in Hong Kong. In this Conference, we:
- Evaluated the progress of Hong Kong’s climate action in strategic areas through stock-taking;
- Showcased and learned from successful decarbonisation cases in different business sectors;
- Understood the barriers hindering climate action and how we can overcome them to accelerate progress.
Gold Sponsors
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Silver Sponsors
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Bronze Sponsors
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Student Support Sponsors
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Green Sponsor
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Supporting Organisations