Subsidy arrangement of New Energy Transport Fund revised

Exciting updates to new energy transport fund subsidies

​The technological development of electric vehicles is rapid. To focus the New Energy Transport Fund (the Fund) on subsidising trials on new energy technologies that are more suited or better placed in meeting the needs of the transport sector, thereby expediting their green transformation, the Environment and Ecology Bureau has timely reviewed the subsidy framework, approach and levels under "Applications for Trial" of the Fund. The Steering Committee of the Fund has supported the use of a revised subsidy arrangement with the adoption of a merit-based approach in assessing all applications that are being processed.

The revised subsidy arrangement shall enable the Government to make the best use of the Fund for promoting the green transformation of the transport sector. For details of the revision, please visit the website of the Fund (www.eeb.gov.hk/en/new-energy-transport-fund.html) or call the enquiry hotline on 2824 0022.

The Government has put in place the Fund since March 2011 to subsidise the testing and encourage wider use of green innovative transport technologies for a variety of commercial transport tools including goods vehicles (including special purpose vehicles), taxis, light buses, buses, vessels, motorcycles, non-road vehicles, or the aforesaid transport tools of charitable/non-profit making organisations providing services to their clients. The technologies to be subsidised include new energy vehicles or vessels, conversion of in-use conventional vehicles or vessels to new energy vehicles or vessels, and after-treatment emission reduction devices or fuel saving devices applicable to vehicles or vessels. Transport operators and charitable/non-profit making organisations may apply for trying out different green technology products subject to a maximum subsidy of $10 million for each application and a total subsidy of $12 million for each applicant. The Fund completed its review in September 2020 to expand the subsidy scope and refine the subsidy level and ceiling.

As of March 2024, the Fund has approved 319 trials involving a total subsidy of $272 million. A total of 180 approved trials under the Fund have been completed. Trial reports have been uploaded to the Fund's website.

Source: AI-generated images

Exclusive insights from scst at hong kong pavilion grand opening in cannes film market

Following are the welcome remarks by the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung, at the Hong Kong Pavilion opening ceremony at the Cannes Film Market in the 77th Cannes Film Festival today (May 15, Cannes Time):

Good afternoon, everyone! Welcome to the Hong Kong Pavilion. We are excited to participate in Marché du Film at the Cannes Film Festival at the International Village.

This year, the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region proudly presents our pavilions both in the Riviera and here, the International Village.

The pavilion offers a glimpse into the diverse landscape of Hong Kong film industry, showcasing outstanding works produced by Hong Kong filmmakers at the pavilions. Moreover, there will also be a number of dynamic networking sessions over the next few days, enlightening sharing sessions featuring Hong Kong's veteran producers, distinguished directors, and extraordinary talent. Be sure to explore the detailed programme schedule and learn more about our speakers.

Furthermore, you will see numerous Hong Kong film companies setting up booths here and many Hong Kong filmmakers in attendance. We also have nine sessions of market screenings.

Come join us and embark on a journey of Hong Kong Cinema. We look forward to seeing you around the corner and also at another pavilion in the Riveria.

Thank you.

Speech by SCST at Hong Kong Pavilion opening ceremony at Cannes Film Market in 77th Cannes Film Festival Source: HKSAR Government Press Releases