SDG 7 can barely be achieved if the choice of energy is considered based on cleanness only and without affordability. As such, the U.S. Secretary of Energy Jennifer M. Granholm announced the launch of Hydrogen Shot, an established framework and foundation for clean hydrogen deployment in American Jobs Plan. The Department of Energy has set out the “1-1-1” target which aims to have an 80% reduction from the clean hydrogen cost in 2020 to $1 per kilogram in 1 decade. International Energy Agency forecasts that the demand for hydrogen around the globe would reach 0.52 billion tonnes in 2070.

As a leading financial centre, Hong Kong could make use of its competitive advantages to support technological advancement and transformation through financing or investment. Carbon neutrality could be more than a slogan as it also brings along new business opportunities.

Learn more from the full article (in Chinese only) written by Kenny Siu, Senior Advisor of AEC Group, published on Sing Pao on 2 May.