LAW Ting-fung, Michelle - Electrical and Mechanical Services Department

SCA 2018 Young Practitioner - Excellent Award

The Distict Cooling System (DCS) at Kai Tak Development (KTD) is a large scale centralized air-conditioning system which produces chilled water at the central plants and distributes the chilled water to consumer buildings in the KTD through underground water piping network. With its high energy efficiency, the implementation of DCS at KTD will achieve estimated annual saving of 85 million kilowatt-hour (kWh) in electricity consumption, corresponding to a reduction of 59,500 tonnes of carbon dioxide emissions per annum and maintain sustainable development.

Based on her previous involvements in DCS construction, chiller installation and T&C stage, as well as coordination with EMSD maintenance team, Ms. Law has modified the requirements in the particular specification based on the operational need, such as power arrangement, equipment materials, selection, protection installation method and control setting etc., to enhance and optimize the operation performance and maintain continuous improvement in sustainability and energy saving.

Targeted to achieve better performance than international standards and Building Energy Code, Ms. Law keeps review the particular specification and explore the opportunities of improving the sustainable requirements on higher chiller COP, variable speed drive chiller, environmental friendly refrigerant, BIM-AM for DCS plants, disposal of Construction and Demolition materials. All of the above measures can maintain a sustainable development.

Mr. Law serves the engineering industry with endless passion and aim at build a better Hong Kong. She is nominated as the YEA Committee Chair this year and keep organising events with other engineering societies to share the latest technologies and ideas to our members. She take this opportunity to promote DCS and other sustainable and energy efficiency measures to public in various occasions. The above photo shows the first Open Day at the North Plant of Kai Tak DCS organised on 19 May 2018.

About the Model

The HKSAR Chief Executive had announced in the 2017 Policy Address to position Hong Kong as an Asia’s green finance hub for raising green capital. In view of the substantial GDP contributed by the construction sector annually, the construction industry has a high potential to meet the trend of green finance. Thus, there is a need to well define the green standard and system to facilitate the application of green finance in construction industry.

The Model aims to act as an interactive guide on environmental practices and advanced technologies for construction projects which is compatible with international green bond/loan principle. Green finance can mobilise capital for green and low carbon investments in the construction industry. Public owners, developers, contractors and suppliers could issue green financial instruments for funding their projects with reference to the guideline of this model.

Interactive guide to classify construction practices based on green finance principle

Interactive guide to classify construction practices based on green finance principles

User-friendly model for set up its own checklist and sustainability KPIs

User-friendly model for set up its own checklist and sustainability KPIs

Sustainable hub to share latest local and intentional solutions

Sustainable hub to share latest local and international solutions

Why the Industry Needs Green Finance?

  • Green finance providing benefits for assisting the transition from the ‘brown’ to the ‘green’ construction.
  • Green finance can mobilise capital for green and low carbon investments in the construction industry
  • Stakeholders can seek opportunities for long pay back initiatives and low interest rates when adopting advanced and innovative measures.
  • To encourage investors from the Mainland along the Belt and Road as well as international investors to arrange green financing through Hong Kong construction capital markets.

Components of Green Bond/Loan Principles

images/Principles1.png

Green bond/ loan proceeds are to be applied for environmental (or “green”) projects with an indicative list of eligible project categories. See the figure below for the 10 eligible Green Project Categories.

images/Principles2.png

Recommends issuers/ borrowers to disclose their overall green objectives, the process used to determine eligibility of green projects, and the process to manage environmental and social risks of these projects.

images/Principles3.png

The net proceeds of the Green Bond/ Loan, or an amount equal to these net proceeds, should be credited to a sub-account, moved to a sub-portfolio or otherwise tracked by the issuer/ borrower in an appropriate manner, and attested to by the issuer/ borrower in a formal internal process linked to the issuer’s/ borrower’s lending and investment operations for green projects.

images/Principles4.png

Recommends annual reporting of the amounts allocated and results of the eligible green projects.

Green Project Categories

Key Features

no. of sustainability measures compatible with international green bond and green loan principle
41
no. of sustainability measures compatible with international green bond and green loan principles
no. of stakeholders and green finance experts engaged
162
no. of stakeholders and green finance experts engaged
no. of pilot projects
30
no. of pilot projects

NAVIGATE BY STAKEHOLDERS