 |
| Large Hong Kong developers have pledged to cut power consumption by 5% |
Finally the government is getting large developers to cut their electricity consumption by 5 percent in the five years (actually three) leading to 2020.
Reducing about 230 million kilowatt-hours is equal to the power consumption of 47,000 homes in a year, or 210 times the annual amount of electricity generated by Siu Ho Wan Solar Farm.
At least 40 developers have signed onto the scheme with the government, including Cheung Kong, New World, Link Reit and MTR Corp.
 |
| Cheung Kong has signed up on the energy-saving initiative |
Undersecretary for Environment Christine Loh Kung-wai said this initiative was a way to honour the spirit of the Paris agreement [to make changes through negotiation].
"Developers are now willing to go beyond compliance. Our partnership with the developers will also become a platform for further policy changes and tightening standards," she said.
Official data shows commercial buildings owned by these developers used one-third of the total electricity used by all commercial buildings in the city, while the commercial sector accounted for 20 percent of the total electricity consumed in Hong Kong.