CARE2022 Hong Kong Conference

76 OBSERVATIONS 1. Cross-cutting collaboration is seen as essential across public and private sector stakeholders because climate change and sustainability are complex and require the fusion of different knowledge fields to understand how to achieve strong performance in the economy. 2. Hong Kong’s economy needs to expand talent and capability in sustainability, not just with respect to green finance since finance complements other activities in the economy. 1. Mainstreaming of climate and sustainability within the government bureaucracy would help the HKSAR Government to enable officers in science, environment, housing, planning and development, as well as infrastructure to work more closely with those in industry, commerce, I&T, transport, and finance because climate and sustainability represent a powerful, long-term global and national overarching driver of change (see also Chapters 3 and 4). 2. Improve internal mainstreaming could be complemented by external communication to enable the work of the HKSAR Government to be better communicated to the pubic and to private sector stakeholders (see Chapter 3). 3. The soon-to-be created role of Commissioner for Climate Change under EEB could be the government unit that coordinate the mainstreaming and proper communication of the government’s climate related work in a broad and compelling way. RECOMMENDATIONS 3. Data and digital go together. The drive to achieve Net Zero and sustainability requires organizations to handle data through digital means. Technology is evolving and fusing “Green-ClimateProp-FinTech” with implications across the economy, including the government sector. 4. Traditional industries, such as energy, property, manufacturing, shipping, banking etc are becoming digital companies, and digital companies are becoming consulting services to helping others make sense of using data and digital technologies. 5. Standard setting and best practices could come out of Asia, as the circumstances of Asia’s development going forward are different from those in developed economies. 6 Financing the Climate Transition