IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v18y2024i1p37-d1553551.html
   My bibliography  Save this article

Energy Transitions in Cities: A Comparative Analysis of Policies and Strategies in Hong Kong, London, and Melbourne

Author

Listed:
  • Philip Wong

    (Pan Sutong Shanghai-Hong Kong Economic Policy Research Institute, Lingnan University, Hong Kong, China)

  • Joseph Lai

    (Department of Building Environment and Energy Engineering, The Hong Kong Polytechnic University, Hong Kong, China)

Abstract

This paper reports a comparative analysis of energy transition policies in Hong Kong, London, and Melbourne, highlighting their approaches to achieving carbon neutrality. Utilizing a qualitative research approach, the study combines desktop research and policy analysis to examine secondary data from academic literature and policy reports. A structured policy analysis was developed to compare the strategies of each city, focusing on legislative tools, regulatory mechanisms, and decarbonization goals. The findings reveal that, while all three cities aim to reduce greenhouse gas emissions through energy transition policies, they adopt different strategies shaped by their socio-economic contexts. Hong Kong emphasizes regulatory measures like the Buildings Energy Efficiency Ordinance, London uses market-based instruments such as carbon pricing, and Melbourne prioritizes community engagement and renewable energy integration. Despite progress, challenges remain, including compliance with standards, funding, and public awareness. Recommendations include developing benchmarking strategies, fostering public–private partnerships, and investing in education. This analysis provides actionable insights for future policy development, emphasizing adaptability and innovation in combating climate change and fostering sustainable urban environments.

Suggested Citation

  • Philip Wong & Joseph Lai, 2024. "Energy Transitions in Cities: A Comparative Analysis of Policies and Strategies in Hong Kong, London, and Melbourne," Energies, MDPI, vol. 18(1), pages 1-16, December.
    • Handle: RePEc:gam:jeners:v:18:y:2024:i:1:p:37-:d:1553551
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/18/1/37/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/18/1/37/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Zhen Sun & Jianfen Feng & Rongxi Zhou & Yue Yu & Yaojian Deng, 2022. "Can Labeled Green Bonds Reduce Financing Cost in China?," Sustainability, MDPI, vol. 14(20), pages 1-14, October.
    2. Liang Wong, Ing & Krüger, Eduardo, 2017. "Comparing energy efficiency labelling systems in the EU and Brazil: Implications, challenges, barriers and opportunities," Energy Policy, Elsevier, vol. 109(C), pages 310-323.
    3. Easwaran Narassimhan & Kelly S. Gallagher & Stefan Koester & Julio Rivera Alejo, 2018. "Carbon pricing in practice: a review of existing emissions trading systems," Climate Policy, Taylor & Francis Journals, vol. 18(8), pages 967-991, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Filippelli, Raphael & Termansen, Mette & Hasan, Syezlin & Hasler, Berit & Hansen, Line & Smart, James C.R., 2022. "Water quality trading markets – Integrating land and marine based measures under a smart market approach," Ecological Economics, Elsevier, vol. 200(C).
    2. Martin Zapf & Hermann Pengg & Christian Weindl, 2019. "How to Comply with the Paris Agreement Temperature Goal: Global Carbon Pricing According to Carbon Budgets," Energies, MDPI, vol. 12(15), pages 1-20, August.
    3. Yi Yao & Lixin Tian & Guangxi Cao, 2022. "The Information Spillover among the Carbon Market, Energy Market, and Stock Market: A Case Study of China’s Pilot Carbon Markets," Sustainability, MDPI, vol. 14(8), pages 1-18, April.
    4. Francisco Sanhueza-Durán & José M. Gómez-Soberón & Claudia Valderrama-Ulloa & Felipe Ossio, 2019. "A Comparison of Energy Efficiency Certification in Housing: A Study of the Chilean and Spanish Cases," Sustainability, MDPI, vol. 11(17), pages 1-16, September.
    5. Zheng, Yan & Zhou, Min & Wen, Fenghua, 2021. "Asymmetric effects of oil shocks on carbon allowance price: Evidence from China," Energy Economics, Elsevier, vol. 97(C).
    6. Wu, Qingyang & Wang, Yanying, 2022. "How does carbon emission price stimulate enterprises' total factor productivity? Insights from China's emission trading scheme pilots," Energy Economics, Elsevier, vol. 109(C).
    7. Chen, Shi & Chen, Dong & Lin, Jyh-Horng, 2024. "Promoting energy conservation in manufacturing through sustainable insurance," Renewable and Sustainable Energy Reviews, Elsevier, vol. 204(C).
    8. Wang, Hao & Ploegmakers, Huub & van der Krabben, Erwin & Meijerink, Sander, 2024. "The environmental effectiveness of water quality trading: Evidence from emissions trading programs in China," Ecological Economics, Elsevier, vol. 224(C).
    9. Amigo, Pía & Cea-Echenique, Sebastián & Feijoo, Felipe, 2021. "A two stage cap-and-trade model with allowance re-trading and capacity investment: The case of the Chilean NDC targets," Energy, Elsevier, vol. 224(C).
    10. Stiglitz, Joseph E., 2019. "Addressing climate change through price and non-price interventions," European Economic Review, Elsevier, vol. 119(C), pages 594-612.
    11. Sato, Misato & Rafaty, Ryan & Calel, Raphael & Grubb, Michael, 2022. "Allocation, allocation, allocation! The political economy of the development of the European Union Emissions Trading System," LSE Research Online Documents on Economics 115431, London School of Economics and Political Science, LSE Library.
    12. Kim, Pyung & Bae, Hyunhoe, 2022. "Do firms respond differently to the carbon pricing by industrial sector? How and why? A comparison between manufacturing and electricity generation sectors using firm-level panel data in Korea," Energy Policy, Elsevier, vol. 162(C).
    13. Yunqing Zhao & Debao Dai & Wei Shao & Liang Ye, 2024. "Can the Carbon Trading Policy Enhance Resource Allocation Efficiency?—An Analysis of the Synergistic Effect of Market Mechanism and Government Intervention," Sustainability, MDPI, vol. 16(22), pages 1-24, November.
    14. Li, Xuelian & Zhou, Wei & Lin, Jyh-Jiuan & Chang, Ching-Hui, 2023. "Insurer financing for borrowing producers in a supply chain under alternative carbon allowance trades," Energy Economics, Elsevier, vol. 121(C).
    15. Jun Lian & Xuanshun Huang & Xia Wu, 2024. "How green bonds promote firms' green collaborative innovation?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 2109-2126, May.
    16. João Carlos de Oliveira Matias & Ricardo Santos & Antonio Abreu, 2019. "A Decision Support Approach to Provide Sustainable Solutions to the Consumer, by Using Electrical Appliances," Sustainability, MDPI, vol. 11(4), pages 1-16, February.
    17. Christian A. Vossler & Timothy N. Cason & James J. Murphy & Paul J. Ferraro & Todd L. Cherry & George Loewenstein & Peter Martinsson & Jason F. Shogren & Leaf van Boven & Daan van Soest, 2024. "The impact of experiments on environmental policy and natural resource management," Working Papers 2024-05, University of Tennessee, Department of Economics.
    18. Chen, Shi & Huang, Fu-Wei & Lin, Jyh-Horng, 2023. "Green technology choices under the cap-and-trade mechanism with insurer green finance in a dragon-king environment," Energy Economics, Elsevier, vol. 117(C).
    19. Li, Xuelian & Chen, Lingzhi & Lin, Jyh-Horng, 2023. "Cap-and-trade mechanisms, green technology investment, and shadow insurance in a black swan environment," Energy Economics, Elsevier, vol. 124(C).
    20. Chen, Zhongfei & Zhang, Xiao & Chen, Fanglin, 2021. "Do carbon emission trading schemes stimulate green innovation in enterprises? Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 168(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:18:y:2024:i:1:p:37-:d:1553551. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.