Green Tech Fund
Objectives:
The Green Tech Fund (GTF) was established in 2020 to provide better and more focused funding support to research and development projects which can help Hong Kong decarbonise and enhance environmental protection. A total of $400 million has been allocated to the GTF.
The GTF has four features:
Clear themes – priority will be given to projects in four areas (namely Net-zero Electricity Generation, Energy Saving and Green Buildings, Green Transport and Waste Reduction;
User friendly – each project may last up to five years, with funding up to $30 million;
Wide range of beneficiaries – apart from designated local public research institutes and R&D centres, local companies can also apply ;
Emphasis on practical application – this online platform will share and promote project outcomes to encourage further development and practical application.