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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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Apr exports value up 1.1%

The value of Hong Kong’s total goods exports increased to $389 billion in April, up 1.1% compared with the same month last year, the Census & Statistics Department announced today.   The value of imports of goods rose 2.1% to $425.6 billion for the same period.   A trade deficit of $36.6 billion, or 8.6% of the value of imports, was recorded for the month.   Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of total exports decreased 12% while that of imports fell 11.7%.   The Government said epidemic-induced transportation disruptions, though easing somewhat in the latter part of the month, continued to constrain export performance.   It pointed out that exports to the Mainland fell while those to the US and the European Union posted visible growth.   Looking ahead, the global economic outlook has worsened amid rampant inflation in some major economies and monetary policy tightening by respective central banks in response, tensions in Ukraine, and the lingering threat of the pandemic. This would continue to weigh on Hong Kong's export performance in the near term.   Nonetheless, the stable local epidemic situation should be conducive to the gradual revival of cross-boundary land transportation, alleviating some of the pressures facing the external sector.
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