Transcript of remarks by SEN
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Reporter: Mr Wong, why do you think the private companies will be interested in buying the renewable energy certificate? What do you think you can do to attract companies to buy these certificates?
Secretary for the Environment: On one hand, through the new Scheme of Control Agreement, we provided certain push, or incentive, to the two power companies, to support more energy saving and renewable energy initiatives in Hong Kong. Regarding the attractiveness of the renewable energy (RE) certificate to the corporations, companies or even general public, I said earlier that the setting of the price for the RE certificate will be one of the major considerations. So we are making reference to overseas' practice. Usually they would set the RE certificate's unit price to be, say, a certain portion of the normal residential tariff. By setting this kind of attractive RE certificate price, they can be more conducive to more people to purchase and support low carbon transformation. Certainly we have to, through the two power companies, do more publicity to talk to the corporations and even individuals, so that more people can buy it (RE certificate).
(Please also refer to the Chinese portion of the transcript)
Ends/Saturday, April 21, 2018
Issued at HKT 12:25
Issued at HKT 12:25
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