Hong Kong budget ‘to offer incentives to turn city into green maritime hub’

Hong Kong’s finance chief will tap into the US trillion-dollar clean energy market in Wednesday’s budget by setting up a regional green fuel bunkering centre, with financial incentives and infrastructure being offered to vessel owners and the maritime industry to make them more environmentally friendly, the Post has learned.

A source familiar with the policies on Monday said the plan was designed to boost the city’s status as an international logistics hub and that Financial Secretary Paul Chan Mo-po would unveil other proposals to accelerate green finance developments in his budget speech, including the hosting of an international climate financing summit with Dubai’s monetary authority in the autumn.