Transcript of Chief Executive's media session in Guangdong (with photos)
***********************************************************

    Following is the transcript (English portion) of the remarks made by the Chief Executive, Mr Donald Tsang, at a media session in Guangdong today (August 1):

Reporter: Are you concerned none of the companies will join the emission trading scheme in Hong Kong?

Chief Executive: Emission trading scheme. Well I've not heard them say anything in this regard. The emission trading scheme has been designed to help them to meet the emission reduction target with a minimal cost. It is up to them to decide whether or not to adopt these new measures. If they choose to adopt other measures, it will cost them more money. But it is important for everyone to remember that emission from the power companies in Hong Kong is regarded as a main source of air pollution and I am determined to ensure that this standard is fully complied with by the power companies. And I will consider it in the context of the renewal of the scheme of control, which will expire in 2008. It is important. No one can ignore it. But as far as the emission trading scheme is concerned, this is designed to help them, not to stand in their way.

(Please also refer to the Chinese portion of the transcript.)

Ends/Tuesday, August 1, 2006
Issued at HKT 17:49

NNNN

---