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Energy efficiency meeting held

Secretary for Environment & Ecology Tse Chin-wan today attended the 60th Meeting of the Expert Group on Energy Efficiency & Conservation of the Asia-Pacific Economic Cooperation (APEC) held in Hong Kong.   In his welcome speech, Mr Tse said that Hong Kong was honoured to host the meeting again after 2019 and 2020 to provide a platform for direct dialogue among APEC partners.   “It is encouraging to see over 50 experts and delegates from 11 APEC member economies as well as four international organisations gather again to share insights and exchange experiences with their counterparts after the stabilisation of the epidemic.”   As the Asia-Pacific region develops, its energy demand and consumption would continue to increase, which may lead to an increase in emissions of greenhouse gases, he pointed out.   To achieve carbon neutrality before 2050, the Hong Kong Special Administrative Region Government published Hong Kong’s Climate Action Plan 2050 in 2021, outlining the st
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Business fund upgraded

The Trade & Industry Department today announced enhancement measures for the Dedicated Fund on Branding, Upgrading & Domestic Sales (BUD Fund) in support of enterprises’ business development to be rolled out in three phases from tomorrow.   The BUD Fund’s geographical scope will be broadened progressively from 20 economies with which Hong Kong has signed Free Trade Agreements to 37 economies with which Hong Kong has signed Free Trade Agreements and/or Investment Promotion & Protection Agreements.   In the first phase starting tomorrow, the BUD Fund will additionally cover Japan and Korea, and the cumulative funding ceiling per enterprise will be increased from $4 million to $6 million.   The department noted that the enhancements will further help enterprises develop more diversified markets by utilising the better investment protection under the Investment Promotion & Protection Agreements. More funding support will also be provided for enterprises to capture the business opportunities brought about by the country’s dual circulation development strategy.   Call the fund's secretariat at 2788 6088 for enquiries.
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