Price: Members $350/ Non-Members $450
About the Event:
What is sustainable energy policy? How do we best utilize our resources? How far and how quickly can we raise the bar on emission standards? Why have ambitious and centrally planned green energy projects raised more economic difficulties than envisioned or simply come to a halt?
Reducing emission and sustainable energy are often misunderstood and confused. Understanding of each and subsequent approaches can refresh our eyes on the future of energy.
At this luncheon we will take time to reflect upon the case of Ontario, Canada. Ontario’s government mandate on green energy proposed to regulate fuel mix, as was the case in 2008, to increase the generating capacity of renewable energy by a whopping 47 per cent over the next two decades. As a result, Ontario, along with its energy consumers, paid a heavy price, dramatically increasing costs per household and suppressing national profits and thus investment.
Five years later, it is worth reevaluating Ontario's example and to see its implications for Hong Kong as the HKSAR government similarly imposes regulations on fuel mix to achieve an ambitious goal, for instance, to cap sulfur dioxide emission by 50% by 2015. Can we ensure cost effectiveness for consumers? Are we going to follow the footsteps of Ontario?
About the Speakers:
Fred McMahon is a Fraser Institute Resident Fellow and holder of the Dr. Michael A. Walker Research Chair in Economic Freedom. His research focuses on global issues such as development, trade, governance, and economic structure. He has written for numerous publications including the European Journal of Political Economy, the SAIS Journal (School of Advanced International Studies, Johns Hopkins University), the Wall Street Journal, Policy Options, National Post, Time (Canada), Globe and Mail, Ottawa Citizen, and most other major Canadian newspapers.
Moderator – Andrew Work
Andrew's work on economics and public policy has been published in over 15 publications including The Wall Street Journal Asia, the South China Morning Post, Hong Kong Economic Times, Hong Kong Lawyer and many more. He has appeared before business organizations, government departments, the Legislative Council of Hong Kong and on television and radio to promote the work of The Lion Rock Institute. He is the founder and CEO of New Work Media, the publisher of Harbour Times, a publication speaking exclusively to the political and diplomatic community of Hong Kong.