Mohit Grover, Deloitte China's Hong Kong Climate Change and Sustainability Services Leader, highlights Hong Kong's unique ecosystem as a precedent for next-generation climate solutions. The city combines technological innovation, policy support, and market demand, providing unmatched opportunities for green tech companies to develop and scale solutions. A joint report by Invest Hong Kong and Deloitte China outlines Hong Kong's strategic advantages in five key areas:
1) Power and New Energy: Transitioning to clean energy, 25% from zero-emission nuclear power, with renewable potential possibly exceeding government forecasts. Global green energy investment reached $1.1 trillion in 2022.
2) Green Mobility: With 90% of daily passenger transport via public transit, Hong Kong is ideal for testing sustainable transport solutions, aligning with China's leadership in electric mobility.
3) Sustainable Building Environment: Home to the most buildings globally, Hong Kong benefits from China's market leadership in green building technology.
4) Waste Reduction and Management: Hong Kong's high per capita waste generation drives demand for innovative solutions, boosting waste-to-energy and circular economy technologies.
5) Biodiversity: Over 40% of land as protected areas, offering opportunities for environmental innovation and technology solutions in biodiversity impact assessment.
