Green Tech Fund

Objective:

The Government announced in the 2020-21 Budget that HK$200 million would be allocated for setting up the new GTF to provide better and more focused funding support for the R&D and application of decarbonisation and green technologies, so as to expedite low-carbon transformation and enhance environmental protection in Hong Kong.

The GTF has four features:

• Clear themes – priority will be given to projects in four areas (namely decarbonisation and energy saving, green transport, waste management and air and water quality;
• User friendly – each project may last up to five years, with funding up to $30 million;
• Wide range of beneficiaries – apart from designated local public research institutes and R&D centres, local companies can also apply ;
• Emphasis on practical application – this online platform will share and promote project outcomes to encourage further development and practical application.