Prashant Vaze says the Hong Kong government has been very generous to the two power giants thus far, and they can give back by encouraging customers to decarbonise and helping the city meet its 2030 climate goals
Reading the coverage of the latest Scheme of Control Agreements (SCAs) between the Hong Kong government and the power companies, you would be forgiven for thinking the rate of return was the only point at issue.
But the real question is whether consumers will be given the necessary incentives to produce and save energy. Power production is the source of almost 70 per cent of our greenhouse gas emissions. The environmental provisions in the agreements are important weapons against climate change. Their success will determine if our city can join the solar power revolution.
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