Policy Address

Speed up Green Transformation of Manufacturing Production

216. The Government has been supporting local development of green technology through the Green Tech Fund and the Innovation and Technology Fund, transforming R&D projects with application potential into commercially valuable technologies or products and facilitating their production locally. The Environment and Ecology Bureau (EEB) is assisting two local companies in setting up production lines to upcycle local waste materials into high-value products, namely core materials for electricity-free cooling products and acoustic metamaterial products, promoting development of Hong Kong's green industry.

217. The EEB has extended the usable area and lease terms of about 20 short-term tenancy sites currently designated for recycling operation in Hong Kong, giving the recycling industry more room for further development and upgrading.

218. The Government will inject $100 million for a new round of the Cleaner Production Partnership Programme to expedite green transformation, renovation and the upgrading of local factories and Hong Kong-owned factories in the Guangdong Province, bringing Hong Kong closer to its carbon-neutrality targets.