'No Loopholes In Amended Environmental Impact Law'
"); jQuery("#212 h3").html("

"); });
2022-12-07 HKT 11:55
The government says ditching the need for assessment reports for development projects spanning fewer than 50 hectares will not create loopholes when it comes to environmental protection.
Under the Environmental Impact Assessment Ordinance, projects covering more than 20 hectares require an environmental assessment report, but the administration wants to change this to 50 hectares.
Terence Tsang, assistant director of the Environmental Protection Department, said on an RTHK programme on Wednesday that the authorities have reviewed assessment reports over the past two decades, and found that projects smaller than 50 hectares are usually related to housing or ancillary facilities that don’t have much of a cumulative impact on the environment.
“We found that their environmental assessment impacts don’t always include recommendations on land allocation or special measures to improve the environment,” he said.
Tsang added that specified infrastructure under the ordinance will require an environmental permit before construction, even if it is within sites that are smaller than 50 hectares.
“We still have to look at the cumulative impact. So, I don’t see any loopholes in this respect,” he said.
On the same programme, Roy Ng from the Conservancy Association said he is concerned that the proposed changes to the ordinance are aimed at speeding up development at the cost of the environment.
Ng said the government must make sure the ordinance remains effective in protecting the environment.
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more