CARE2022 Hong Kong Conference

6 D. Consideration should be given to Hong Kong’s response to possible larger-magnitude disasters and multi-hazard scenarios (e.g. severe storm surge, landslides and flooding occurring at the same time), such as whether public sector buildings and facilities could be deployed as emergency centres and temporary shelters. E. Greater transparency is need for actions being considered and planned with respect to adaptation for the whole of the GBA. All parts of the region have an interest in better regional resilience. Consideration should be given to whether a GBA collaborative mechanism should be established for adaptation and resilience. VI. Based on Presentations and Discussions on Risk Assessment, Data, Industrial Transformation, Innovation & Technology, Talent, and Collaboration Observations 1. Collaboration is 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 environmental science and sustainability in general, not just with respect to green finance since finance complements other activities in the economy. 3. The drive to achieve carbon neutrality and sustainability requires organizations to collect, assess, analyse and manage data through digital means. Technology is evolving and fusing “Green-Climate-Prop-FinTech” with implications across the economy, including the government sector. 4. Companies in traditional industries, such as energy, property, manufacturing, shipping, banking etc are becoming digital, and digital companies are becoming consulting services to helping others use 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. Recommendations A. Mainstreaming climate and sustainability within the government bureaucracy would help the HKSAR Government to enable officers in I&T, environment, housing, planning and development, education 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, 4 and 5) B. Internal mainstreaming should be complemented by external communication to enable the work of the HKSAR Government to be better understood by the public and private sector stakeholders (see Chapters 3, 4 and 5). C. The newly created Office of the Commissioner for Climate Change under EEB could be the government unit that coordinates the mainstreaming and proper communication of the government’s climate related work in a broad and compelling way. Observations and Recommendations