Hong Kong - Country Commercial Guide
Environmental Technologies

This is a best prospect industry sector for this country. Includes a market overview and trade data.

Last published date: 2022-01-21

Overview

Trade Statistics

 

2018

2019

2020

2021 (January-May)

Total Exports 

245

268

360

138

Total Imports 

329

360

473

164

Imports from the US 

55

55

49

19

Exchange Rates: 
1USD 

7.8

7.8

7.8

7.8

(Since there is not an agreed-upon definition of “environmental technologies”, and because there is considerable overlap regarding environmental features from various types of machinery and products, market statistics for this sector are, at best, rough approximation.)Units: USD million
Data Source: Hong Kong Census & Statistics Department

Hong Kong relies heavily on imports to satisfy its environmental technology needs. In recent years, the Hong Kong government has been allocating significant resources toward tackling environmental issues like waste treatment, air pollution, and water pollution. The COVID-19 outbreak has also led to demand for clinical waste management solutions.  As a regional business hub, Hong Kong also plays a strong role as a trading platform for environmental products for mainland China and the region. 

The four major decarbonization strategies in Hong Kong’s Climate Action Plan 2050 cover the following targets and measures:

· Net-zero electricity generation: Cease using coal for daily electricity generation by 2035 and increase the share of renewable energy in the fuel mix for electricity generation, especially through solar technology and potential offshore wind farms.

· Energy saving and green buildings: Reduce the overall electricity consumption of buildings through promoting green buildings, improving buildings’ energy efficiency and promoting a low-carbon lifestyle.

· Green transport: Promote the electrification of vehicles, especially public and commercial transportation, develop new-energy transport, and measures to improve traffic management.

· Waste reduction: Develop adequate waste-to-energy facilities and move away from reliance on landfills for municipal waste disposal; also, promote recycling and waste reduction, and implement a waste charging program.

The Climate Action Plan also prioritizes climate adaptation and resilience, namely preparing for more severe tropical cyclones, storm surges, and flooding, as well as rising sea levels and extreme heat or droughts. In particular, the Hong Kong government seeks to better incorporate climate resilience into building and infrastructure design, consider building sea walls, and enhance flooding and landslip prevention and drainage management. Overall, the Hong Kong government is in the process of exploring innovative and tech solutions to a wide variety of climate resilience challenges.

Additionally, Hong Kong is prioritizing becoming a regional center for green finance and has highlighted the need to expand green finance capacity building, develop solutions to improve data and analytics and continue to expand and diversify Hong Kong’s green financial product offerings.

The Hong Kong government has published in-depth proposals for each of these plans, including:

  • The Climate Action Plan 2050
  • The Clean Air Plan 2035
  • The Roadmap on Popularization of Electric Vehicles
  • The Waste Blueprint for Hong Kong 2035

Leading Sub-Sectors  

  • Waste management solutions 
  • Recycling-related products and services 
  • Water disinfection technologies
  • Air quality control and measuring solutions

Opportunities 

Clean air: Listed in the “Clean Air Plan for Hong Kong 2035”, the Hong Kong government has devised strategies to tackle current challenges of air quality improvements through different ways such as, adopting green technologies to advance low-carbon transformation, reducing emissions, and increasing regional collaboration to tackle ozone problem. 

Food waste: Food waste constitutes almost 60 percent (or 6,712 kg per day) of Hong Kong’s total municipal solid waste. To avoid food waste disposal at landfills, Hong Kong plans to treat the city’s collected food waste to produce renewable energy using anaerobic digestion as the core technology. The preliminary proposal is to develop five to six regional large-scale organic resources recovery centers in phases, with a total recycling capacity of about 1,300 to 1,500 kg per day. 

Electric equipment: Every year, about 70,000 kg of waste electrical and electronic equipment (WEEE) is generated locally in Hong Kong. As part of the effort to introduce the Waste Producer Responsibility Scheme (WPRS), the Hong Kong government has developed a WEEE treatment and recycling facility, or WEEE·PARK, to provide local treatment capacity for WEEE.  Since August 2018, a seller of regulated electrical equipment (REE) must have a removal service plan endorsed by the Environmental Protection Department. The removal service ensures the proper disposal and recycling of REE waste. 

Recycling: In September 2020, the Hong Kong government implemented a plan to recycle wastepaper, including processes like waste paper collection and recycling services. The Hong Kong government’s Environmental Protection Department, which is responsible for environmental issues, will launch a project aiming to collect waste paper from all districts in Hong Kong for filtering, sorting, baling and exporting. Also, as part of the Hong Kong government’s smart city development plan, a smart waste management scheme has been initiated to optimize collection services and reduce municipal operational costs. 

Smart City: The Hong Kong government attaches great importance to smart city development. In December 2020, the Hong Kong government released the Smart City Blueprint 2.0, which outlines a wide range of proposals for smart city development. More information is available at: smartcity.gov.hk. There are excellent opportunities for U.S. companies with innovative technologies to tap into these opportunities.

Resources 
Trade Shows  
Re-Think Hong Kong 2022

Date: October 5-6, 2022, Hong Kong

Eco Expo Asia 2021  
Date: October 26 – October 29, 2022, Hong Kong


Macao International Environmental Cooperation Forum & Exhibition (MIECF)  (http://www.macaomiecf.com/2022/)
Date: March 31-April 4, 2022, Macau

 
Pertinent Government Agencies and Associations 

Environment Bureau, HKSAR Government 
Environmental Protection Department, HKSAR Government  
Business Environment Council  
Environmental Contractors Management Association 

For more information about this industry sector, please contact:

U.S. Commercial Service, Hong Kong

Kitty Leung, Commercial Specialist

Email: kitty.leung@trade.gov