Hong Kong will not pursue carbon-based taxation in its decarbonisation efforts, as maintaining a low and simple tax framework is central to the city’s competitive advantage, the financial chief has told a panel at the World Economic Forum.
Speaking at the “How to Finance Decarbonization?” panel in Davos, Switzerland, Financial Secretary Paul Chan Mo-po said that a key strategy by Hong Kong authorities was collaborating with the private sector to develop robust business cases for sustainable initiatives.
