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HK Govt to Further Reduce Emission Allowances of Power Plants
Recommend 13 Positive 17 Negative 5 |
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The Hong Kong government published today (30th) in the Gazette the Tenth Technical Memorandum for Allocation of Emission Allowances in Respect of Specified Licences (the Tenth TM), which aims to further reduce the emission allowances of air pollutants for power plants from 2030 onwards, thereby improving the air quality in Hong Kong and the Pearl River Delta (PRD) region. The Tenth TM, which is issued under the Air Pollution Control Ordinance (the Ordinance), reduces the annual emission allowances of sulphur dioxide (SO2), nitrogen oxides (NOx) and respirable suspended particulates (RSPs) from the electricity sector from 2030 onwards at 2,302 tonnes, 8,350 tonnes and 317 tonnes respectively. This represents further tightening by 19%, 25% and 14% respectively when compared with the emission allowances for the electricity sector for 2026 set under the Ninth TM. HK Electric is building a new gas-fired generating unit for operation in 2029, while an existing coal-fired generating unit will be decommissioned correspondingly by then. As for CLP, driven by major infrastructure developments, the electricity demand in 2030-31 is forecasted to be about 9% higher than the forecast made in the Ninth TM. CLP plans to increase the output of its existing gas-fired generating units to meet the additional electricity demand, and will import more zero-carbon energy from the Mainland. AAStocks Financial News |
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