The government has also launched a new initiative to support the growth of the clean energy sector.
Supporting the Growth of Clean Energy
The government’s efforts to support the growth of clean energy are evident in the number of start-ups in the sector. According to the Financial Secretary, the number of start-ups in green finance and technology increased by 82 per cent last year compared to 2023.
The Need for Sustainable Transportation
The transportation sector is one of the largest contributors to greenhouse gas emissions, accounting for around 15% of global emissions. The use of fossil fuels in vehicles contributes significantly to this problem, with the majority of emissions coming from the combustion of gasoline and diesel.
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