Introducing the Greater Bay Carbon Neutral Association (Hong Kong)/GBACNA, the new strategic partner of VAHC Club
Photograph of GBACNA Association President Mr. Dennis Wu.
Mr. Dennis Wu is the General Director and Chief Executive Officer of Allied Sustainability and Environmental Consultants Group Limited (“AEC Group”; Stock code: 8320.HK)
The United Nations has released its main report on climate change, hailed as a "red flag for the survival of humanity". The report notes that human activity is altering Earth's climate in an unprecedented and irreversible way.
A historical report by the United Nations Intergovernmental Panel on Climate Change (IPCC) has warned that extreme heat waves, droughts and floods over the next decade will increase and push the temperature threshold up. High. The world must act now to avert this catastrophe by dramatically reducing greenhouse gas emissions and keeping temperature rises steady.
Greater Bay Area competitive advantage to facilitate the Nation's dual carbon reduction goals in light of climate change and meet international commitments
The increasingly extreme climate situation is a global problem that all countries in the world are facing. As the goal of “highest carbon by 2030 and carbon neutral by 2060” has been set by Our Country, industries across the country have been proactive. The Hksar government has also set a target of achieving “carbon neutrality” by 2050 in its Policy Address 2021 and announced the Hong Kong Climate Action Plan 2050 in October of the same year as the strategies. and active carbon mitigation measures, aiming to halve carbon emissions. Kong's carbon footprint is based on 2005 levels by 2035.
GBACNA President Dennis Wu and VAHC Vice President Nguyen Anh Tam at the signing ceremony of strategic cooperation at the Future Energy Forum 2023 (Future Show 2023)
In the context of the carbon peaking and carbon neutralization of the “dual carbon” goals, the “30.60” goal is not only a challenge but also an opportunity for the Greater Bay Area’s green transition. At the start of the 14th National Five-Year Plan, guiding the economic structure, energy use and clean energy development towards carbon neutrality will be the central task and the carbon peak is an important factor. within the framework of the work. At the end of 2020, “Outline of the 14th Five-Year Plan for National Economic and Social Development of the People's Republic of China and Long-Term Goals to 2035" outlined the reduction in the intensity of -carbon, supporting eligible localities to lead the way to peak carbon emissions and develop action plans to achieve carbon emissions by 2030.
Committed to promoting green carbon neutrality and industry transformation in the Greater Bay Area
The green transformation of industries and products will present new opportunities for growth in the Greater Bay Area. “Low carbon emissions” implies that industrial carbon emissions in a Country or region will not increase continuously, with demand peaking or declining. If the industry can still maintain a sustainable growth rate or even grow rapidly in terms of industrial carbon emission restriction or carbon emission reduction limit, then it will develop into high growth rate. industry higher. In the auto industry, to adopt new energy vehicles, in terms of China's green transition costs, the market for green innovative products and advertising is huge, with cost advantages , needs and technology.
Make full use of the expertise of the Greater Bay Area to accelerate the development of green technology
Carbon neutrality affects not only the energy structure and industry, but also the sustainability of the supply chain. Green technology today is very different, exhibiting high technology content, high productivity with little or zero emissions. Compared with traditional enterprises, green technology with clean energy can even make full use of the professionalism and scientific and technical research resources of the Greater Bay Area, promoting green life and development. development and innovation of the city.
Proactively develop green financial markets and carbon trading in the Greater Bay Area
Achieving carbon neutrality is a challenging goal, and Hong Kong is the Greater Bay Area's green finance hub. Achieving carbon-reduction commitments will require significant changes in energy composition, infrastructure and even industrial chain models, as well as massive investments in energy and technology. green. As an international financial hub, Hong Kong plays an active role in leading market funds to support the public and private sectors to invest in green and low-emission activities, facilitating for global zero-emissions and promote the development of green and sustainable finance in Hong Kong. By supporting green project investment and certification in the Greater Bay Area and Country, we align with the Country's goals towards a strategic transition to a green economy.
Significantly develop the use of low-carbon technology in green building
Hong Kong is one of the world's 30 megacities in the Greater Bay Area, with nearly 70% of its carbon emissions coming from electricity generation, while construction-related activities account for 90% of total electricity consumption. consumption of Hong Kong. The 2019 policy speech sets out for the first time a government-wide “green energy target”, increasing the energy efficiency of government buildings and infrastructure by 6% between 2024 and 2025. In order to achieve the goal of net zero emissions by 2050, Hong Kong is actively promoting a low-carbon transition, including green building.
Nurturing green finance experts and scientific research in the context of “dual carbon” goals
According to a study by the Financial Services Development Council in August 2021, professionals in the areas of sustainability and the digital economy will receive increased training in ESG and green financial concepts to promote the development and application of innovative technologies. Hong Kong supports the scientific research and carbon reduction activities of various local organizations and industries with the advantages of an international financial center and scientific research talent, and will promote relevant training in the Greater Bay Area in both hard and soft skills, to deliver on the National commitments to carbon neutrality.
Carbon neutrality is the only option to promote systemic economic and social change in line with the changing trends of global ecological stewardship. That is the main direction to promote economic development and protect the ecological environment, an indispensable requirement to realize people's aspiration for a better life. Stemming from the strategic objective of sustainable development, we should promote the separation of economic and social development with high consumption and high emissions, and accelerate the overall green transition. of economic and social development. With a proactive attitude, GBACNA hopes to take the lead in promoting the development of carbon neutrality-related initiatives in the Greater Bay Area and contribute to serving China as a whole, its climate change commitments. of the country and the world.
Meaning of the logo of the Great Bay Carbon Neutral Association
Services for members
1. Environmental/carbon neutrality and corporate and independent IPO activities
2. Professional Sustainable Development Finance Public Relations
3. Provide withdrawal platform for listed companies in the US, Hong Kong and Japan
4. Provide a platform for green lending, investment and other capital operations
5. Supporting environmental/carbon-neutral technology funding, including ESG investment funds and investment member companies
6. Professional carbon neutral/environmental industry research report
7. Professional carbon neutral/environmental consulting service
8. The first release of the environment/carbon neutrality and new technology and expertise
9. Sharing of construction industry expert and chief economist on advanced technology, economics and policy on environment/carbon neutrality
10. First release on environmental/carbon neutrality and new technologies and business engagement
11. Promotion and launch of carbon neutral funds
