Solarising Hong Kong
Hong Kong generates only 0.1 per cent of its electricity from renewable sources. The government has set no renewable energy target though it suggests that 3 to 4 per cent is feasible.We lag far behind other developed economies. The Government and power companies must increase the share of renewable energy in our generation and enhance energy efficiency to improve air quality and tackle climate change. The government has set targets for to reduce carbon emissions between 2005 and 2030, but performance is not on course. In fact emissions by 2014 rose almost 10%. It is essential Government takes strong action now, to bring us back on track.
On 25 April 2017, the government and the power companies signed the new Scheme of Control Agreements, which propose the introduction of the Feed-in Tariff and Renewable Energy Certificates.
We urge the government and the power companies to adopt these recommendations:
- Set the introductory solar rebate at at-least $4/kWh for a fixed term of 20 years for small-scale rooftop solar projects. This gives customers a pay-back period of 8-10 years.
- Government should set an objective of supplying 10% of electricity from renewable sources to inspire people and businesses to buy and generate Green power.
- FiT rebates should also be developed for other renewable technologies at different scales to provide investors reasonable payback periods.