Govt Proposes Raising Plastic Bag Levy To HK$1
"); jQuery("#212 h3").html("

"); });
2022-04-20 HKT 12:27
The government on Wednesday proposed doubling the plastic bag levy to HK$1, and a bill is expected to be tabled to Legco as early as the end of this quarter.
Last week, government advisers suggested raising the levy from the current HK$0.50 to HK$1 or HK$2, saying the idea was based on the results of a public consultation exercise.
In papers submitted to the legislature, the Environment Bureau said for a start, it wants to double the plastic bag charge to give it a stronger deterrent effect.
It also proposed scrapping the existing levy exemption for frozen food and food items fully wrapped in non-airtight packaging.
The exemption for takeaway food will remain but will be limited to one plastic bag for each order.
"For ensuring smooth transition to the enhanced scheme, we will allow a preparatory period before the commencement of relevant legislations, and put forward implementation guidelines to help the retail sector and the public to get prepared for the enhancement measures," the bureau wrote.
It noted that when the levy was first introduced in 2015, the number of plastic bags disposed of dropped by a quarter, but the figure rebounded in the following years.
Meanwhile, the bureau said it hopes to put in place municipal waste charging in the second half of next year.
It said it will give out free designated garbage bags to all 2.9 million households in the initial phase of the scheme's implementation.
The founder of The Green Earth, Edwin Lau, welcomed the plan to double the plastic bag levy.
"If you look at the disposal of plastic bags in Hong Kong, it's on a rising trend year after year. The latest figures from the government is that, every day we throw away over 800 tonnes of plastic bags, it's quite a serious problem," he told RTHK.
Lau noted that the increase is long overdue, noting that the Environment Bureau had talked about reviewing the levy back in 2019. He urged the bureau to spell out exactly when the higher levy will be charged.
Circle CEO Says China Could Launch Yuan Stablecoin In 3 To 5 Years As Trade Grows
Circle CEO Jeremy Allaire predicts that China could roll out a yuan stablecoin within three to five years to expand the... Read more
Naver IPO Timeline Set As Dunamu Merger Targets Nasdaq Debut
Preparations for a Naver IPO are underway following an agreement between Naver Financial and cryptocurrency exchange op... Read more
TransUnion Urges Lenders To Rethink Credit Risk For Gig Workers In Hong Kong
TransUnion is urging lenders to update their risk assessment models, revealing that gig workers in Hong Kong exhibit st... Read more
Citi And Endowus Roll Out HK$4,000 Wealth-Linked Credit Card Campaign
Citi and digital wealth platform Endowus have launched a joint credit card promotion in Hong Kong, expanding the Citi E... Read more
Aspire Secures SFC License In Hong Kong To Launch SME Yield Product
Singapore-headquartered fintech Aspire has secured three financial licenses from the Securities and Futures Commission ... Read more
Why Stablecoins May Become The Backbone Of 24/7 Global Trade
Stablecoin transaction volumes surged 72% in 2025, reaching a record US$33 trillion and signalling growing institutiona... Read more
