(Bloomberg) Hong Kong & China Gas Co., part of billionaire Lee Shau Kee’s business empire, is accelerating an expansion of biofuel firm EcoCeres Inc. in foreign markets on bets the global decarbonization push will boost demand for sustainable aviation fuel. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Survey SaysJPMorgan’s Dimon Predicts 3.5-Day Work
There is scant evidence of trailblazing progress on the ground in Hong Kong, but mainland China is making headway and the city could play a role in these efforts. Globally, however, investment in green hydrogen will need to be scaled up dramatically to make a significant contribution to reducing carbon emissions.
The TNFD framework is a pioneering tool, which outlines a clear approach for companies to embrace nature-related opportunities and risks, to tackle the potential impacts of biodiversity loss, Hong Kong firms say.