decarbonisation

Decarbonisation, the process of reducing carbon emissions, is a growing focus driven by global and national climate goals, such as Hong Kong's aim for carbon neutrality by 2050. Recent developments highlight this urgency. In Australia, a Labor MP is advocating for reforms to fossil fuel tax concessions, specifically the diesel tax credits scheme, following revelations that a major company, BHP, delayed emission-cutting projects. This suggests a critical examination of existing policies that may inadvertently support fossil fuel use. Concurrently, the Construction Industry Council (CIC) in Hong Kong is revamping its Sustainable Construction Award, introducing new categories like a Low Carbon Citation, to accelerate decarbonisation within the construction sector. These actions underscore the current relevance of decarbonisation as governments and industries implement strategies and review policies to achieve significant emissions reductions and meet climate targets.