Transform Climate Risks into Development Opportunities— Implications for Hong Kong’s Economic Development in an Era of Climate Change

1. Introduction According to the World Economic Forum’s Global Risks Report (2024), three key climate issues have been identified as critical challenges facing humanity: extreme weather events, critical change to earth systems, and biodiversity loss and ecosystem collapse. The current warming of 1.44°C, compared to pre-industrial times, is already causing disruptive global economic impacts (NASA,…

Guojun He, Qidan Wang, Vivi Hu, Cheng Bi

1. Introduction

According to the World Economic Forum’s Global Risks Report (2024), three key climate issues have been identified as critical challenges facing humanity: extreme weather events, critical change to earth systems, and biodiversity loss and ecosystem collapse. The current warming of 1.44°C, compared to pre-industrial times, is already causing disruptive global economic impacts (NASA, 2023).

As a coastal city with low-lying terrain, Hong Kong is frequently affected by extreme weather events and has experienced multiple climate disasters in the past decades. Two climate risks are particularly concerning: the occurrence of severe typhoons and rising sea levels. On the one hand, strong tropical cyclones bring heavy rainfall, strong winds, storm surges, and flooding, often disrupting economic production and negatively affecting vulnerable areas and people. On the other hand, most of the economic activities in Hong Kong are concentrated in low-attitude regions, making the economy particularly susceptible to the damages caused by sea level rises.

In the following chapter, we first summarize the major climate risks Hong Kong has been exposed to, with an emphasis on typhoons and sea level rise. Taking “Saola,” a recent typhoon, as an example, we review the impact of its path, surge height, and wind intensity. Next, we focus on how typhoons and sea level rises would affect public housing and conduct scenario analysis on the potential economic losses under different climate pathways. Finally, we provide policy recommendations for adaptive strategies to enhance climate resilience and mitigate risks.

2. Overview of Climate Risks in Hong Kong

Hong Kong has been warming up in the last century. Analysis from the Hong Kong Observatory (HKO) showed that the average mean temperature has increased by 0.14℃ per decade from 1885 to 2023. That number reached 0.30℃ per decade from 1994 to 2023. Consistent with this trend, the annual average number of hot nights from 2001­ to 2023 has increased by 67.18%, while the number of cold days has decreased by 18.19%, relative to 1991-2000 averages.[1] The sea level is also steadily rising, with a growth rate in mean sea level of 31 mm per decade at Victoria Harbor from 1954 to 2023.

Meanwhile, Hong Kong has experienced more typhoons and heavy rainfall in the last two decades. These weather events, including storm surges, strong winds and coastal flooding, have caused significant damages.

2.1 Typhoons: The Most Frequent Climate Disaster in Hong Kong

With its back to the northwest Pacific Ocean, Hong Kong is bordered by a range of east-west mountains to the north and a vast ocean to the south, making it highly susceptible to typhoons. The city’s temperature and humidity provide ample moisture for tropical cyclones, creating ideal conditions for typhoon formation.

Figure 1. Historical typhoon tracks and intensity from 2014 to 2023.

Notes: This figure shows the analysis of typhoons affecting Hong Kong with two panels. Panel A (Left) shows the statistical representation of typhoons in the northwest Pacific region from 2014 to 2023. Typhoons are categorized by intensity levels equal to or exceeding Category 3 typhoons, which is significant for Hong Kong. The depicted line segments represent typhoon trajectories, with a color gradient from purple to red indicating increasing storm intensity. The maximum intensity recorded is capped at ≤137 knots, or 210 km/h, with the peak observed in 2023. Panel B (Right) illustrates the historical record of the maximum intensities of typhoons impacting Hong Kong. Peak intensities across different regions range from 40 m/s to 63 m/s. (Data source: YoujiVest Climate Lab)

Figure 1 summarizes typhoon activity affecting Hong Kong and mainland China from 2014 to 2023. Panel A shows that many typhoons have made landfall in Hong Kong and nearby areas, making Hong Kong a particularly vulnerable site for typhoon-related damage. Panel B further examines historical typhoon intensity patterns in Hong Kong, revealing an increase in intensity from the northwest to the southeast, with Hong Kong Island being the most affected. Hong Kong Island is not only the economic center of Hong Kong but also a densely populated area with significant production activity. Buildings and infrastructures in the area face elevated risks when strong winds strike, especially those directly exposed to high wind speeds.

Figure 2 summarizes the duration and frequency of typhoons (Signal No.8 or higher) in the past two decades. We observe that Hong Kong has been hit more frequently by typhoons, while the duration of severe typhoons has also increased. Notably, three severe typhoons struck Hong Kong in 2023, resulting in a cumulative 76 hours of Signal No.8 or higher. Hurricane Signal No. 10 was issued during the passage of “Saola,” Storm Signal No. 9 was issued during the passage of “Koinu,” and Gale or Storm Signal No. 8 was issued during the passage of “Talim.”

Figure 2. The number and duration of typhoons occurring in Hong Kong each year from 2004 to 2023.

Notes: The blue line represents the annual cumulative duration of typhoon Signal No. 8 or above issued by the HKO. The yellow dotted line represents the number of typhoons making landfall or severely affecting the region each year. The cumulative duration of typhoon signal No. 8 and above shows a significant surge in 2023, the highest record in two decades. (Data source: Hong Kong Observatory)

2.2 Devastating Consequences of Super Typhoons: Recent Experiences

Multiple super typhoons have hit Hong Kong in the past few years. These extreme weather events threaten ordinary people’s livelihoods and cause significant economic losses, mainly through impacts on properties and other assets. In 2018, for example, Super Typhoon “Mangkhut” (Signal No. 10) struck Hong Kong on September 16, leading to an estimated direct economic loss of more than HK$4.60 billion (Choy et al., 2020).

A recent example is Super Typhoon “Saola,” the third tropical cyclone to impact Hong Kong in 2023, prompting the HKO to issue a No. 10 Signal. At its center, “Saola” reached a maximum sustained wind speed of 210 kilometers per hour, setting a new record in Hong Kong’s typhoon history. Figure 3 plots the path of “Saola”, which formed in the Pacific Ocean, made its first landfall in Hong Kong, and subsequently impacted Guangdong Province in China.

Figure 3. Observed path of “Saola” in 2023.

Notes: The trajectory and intensity map of “Saola.” The color intensity from purple to red represents the escalating severity of the typhoon’s influence. “Saola” demonstrated considerable force, with wind speeds ranging from 96 to 113 knots. (Data source: YoujiVest Climate Lab)

Figure 4A shows the wind intensity during “Saola.” We observe that the southwestern parts of Hong Kong, including areas such as Ngong Ping, Sha Chau, Cheung Chau, Ping Chau, Tsing Chau (as flagged in Figure 4A), and the southern part of Hong Kong Island, experienced more pronounced wind impacts.

The strong winds led to severe destruction, including shattered glass, fallen trees, and damaged infrastructures. In addition to the strong winds, “Saola” also triggered a storm surge, causing a rapid rise in tidal levels. Figure 4B shows that the rise in the tidal level was mainly concentrated in the bays, especially in the bay areas of Sha Tin, Tai Po, and Tai O. The water brought by the storm surge not only destroyed many boats in the bays but also caused widespread floods that eroded coastal lands, roads, and properties. Many parts of Hong Kong experienced waterlogging on streets, traffic congestion, and significant delays in public transportation.

According to the Hong Kong Insurance Authority, the total gross claims caused by “Saola” and a subsequent black rainstorm reached HK $1.9 billion. The most insurance claims were for property damage and business interruption, with a total compensation of HK $1.64 billion. Employee compensation, automotive, and travel claims amounted to HK $210 million.

Figure 4. Typhoon “Saola’s” impact on wind and storm surge.

Notes: The figure shows the distribution of impacts from “Saola” across regions in Hong Kong in two panels. Panel A (Left) shows the distribution of wind intensity impacts. The intensity gradients range from blue to yellow, indicating increasing strength. The highest wind intensities were recorded from the southwest to the northeast of Hong Kong within a range of 32.5 m/s to 47.5 m/s. Panel B (Right) displays the distribution of storm surge intensity impacts. The intensity of the storm surge, measured by the height of the surge, is indicated by a color gradient from blue to yellow. (Data source: YoujiVest Climate Lab)

2.3 Sea Level Rise: Hong Kong’s Major Climate Risk in the Long Run

In 2023, the global mean sea level was 101.4 millimeters above 1993, the highest in the satellite record from 1993 to the present (NOAA, 2023). According to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC AR6) and the National Oceanic and Atmospheric Administration,[2] on a high emissions pathway triggering rapid ice sheet collapse, the sea level could rise by up to 2 meters in 2100 compared to 2000. For Hong Kong, 5–6 meters of coastal defenses would be needed, affecting an estimated 82% of the Hong Kong government’s total revenues (China Water Risk, 2022). According to the HKO, Victoria Harbor’s annual mean sea level grew by 31 mm per decade from 1954­ to 2023.

Figure 5 projects the sea level rise in Hong Kong by 2050 based on our analysis of sea-level data. The year 2050 is a key point because Hong Kong, like many other countries and regions, has committed to achieving net zero by that year.

A rising sea level will cause severe economic and property losses, increase the probability of coastal flooding, and affect nearby residents. For example, Shen et al. (2022) estimate that a rise in sea level would affect approximately 8,500 square meters of land near Victoria Harbor under RCP4.5 by 2060.[3] Combined with the projections in Figure 5, western and north-western regions such as Tin Shui Wai, Tuen Mun, Tung Chung, and Tai O would be at particularly high coastal inundation risk (as flagged in Figure 5).

Figure 5. Projected regional mean sea level rise for Hong Kong in 2050.

Notes: In 2050, the mean sea level in Hong Kong is projected to rise by 0.2 to 0.3 meters. The chromatic gradient from yellow to purple signifies increasing sea-level heights. The western areas of Hong Kong predominantly exceed 0.24 meters in sea-level elevation. (Data source: YoujiVest Climate Lab)

3. Case Study: Future Climate Risks and Public Housing in Hong Kong

There is an urgent need to understand what the future climate will look like in Hong Kong and how various climate risks will affect the economy. Constrained by our research capacity, we cannot provide a comprehensive assessment in this report. Instead, we pick a few high-risk locations in Hong Kong and demonstrate how granular climate data and climate-risk analysis can be helpful for decision-making. Moreover, we focus on one specific type of property: public housing. The reason for analyzing public housing is twofold. First, most of Hong Kong’s vulnerable groups, including low-income (Census and Statistics Department of the Government of HKSAR, 2024 ), high-density (GovHK, 2022), and elderly (Peng and Maing, 2021) populations, live in public housing units. These groups often have the least knowledge and capacity to understand and respond to climate risks. Second, public housing is owned by the government, so our analysis can have direct policy implications.

3.1 Site Selection

We map the distribution of public housing units against 26 low-lying or windward areas susceptible to storm surges and waves. The results are summarized in Figure 6. The pentagram markers indicate units facing high typhoon and rising-sea-level risks. The red pentagrams represent low-lying areas with the highest rising-sea-level-rise. The blue map markers represent Hong Kong’s 239 public housing units. We observe that public housing units are predominantly located in these areas with relatively fragile infrastructure, making them more vulnerable to storm surges, waterlogging, and strong winds. The yellow pentagrams identify seven regions that would be severely affected by storm surges. The purple pentagrams represent three areas facing significant threat from overtopping waves.[4]

Figure 6. Public housing exposed to climate risks and the locations.

Notes: The map shows the location of public housing units and areas prone to flooding or wind disasters in Hong Kong. Red pentagrams denote low-lying areas. Yellow pentagrams indicate regions susceptible to storm surges. Purple pentagrams represent areas vulnerable to overtopping waves. The blue map markers indicate all public housing estates in Hong Kong. (Data sources: Hong Kong Housing Authority, Drainage Services Department)

Figure 7 zooms in on the map and highlights the public housing units most affected by low-lying risk, storm surge risk, and overtopping wave risk. These areas are near Lam Tsuen River in the Tai Po District, the Northwest New Territories, and the southern part of Tseung Kwan O. Table 1 provides the names of these public housing units, which we identify as high-climate-risk properties.

Figure 7. Public housing units exposed to significant climate risks and the location distribution.

Notes: This figure illustrates the areas most impacted by the risk of low-lying storm surges and overtopping waves. Panel A (Left) depicts the areas around Tai Po Lam River Village in the Tai Po District, marked by a red pentagram indicating the area with the highest low-lying risk in Hong Kong. The red map icons represent public housing units near risk points . Panel B (Middle) shows the Northwest New Territories, with a purple pentagram highlighting the area that is most at risk from storm surges in Hong Kong. The purple map icons indicate public housing units near risk points. Panel C (Right) presents the southern part of Tseung Kwan O, where a yellow pentagram signifies the area with the greatest overtopping wave risk in Hong Kong. Yellow map icons denote public housing units within this region that are close to risk points. (Data sources: Hong Kong Housing Authority, Drainage Services Department)

Table 1. List of public housing affected by three specific risks.

Public Housing Affected by Low-lying AreasPublic Housing Affected by Storm SurgePublic Housing Affected by Overtopping Wave
Kwong Fuk EstateTin Heng EstateYee Ming Estate
Wan Tau Tong EstateGrandeur TerraceShin Ming Estate
Po Heung EstateTin Chak EstateChoi Ming Court
Fu Shin EstateTin Yat EstateKin Ming Estate
Tai Wo EstateTin Yan EstateSheung Tak Estate
Tai Yuen EstateTin Yuet EstateMing Tak Estate
Fu Heng EstateTin Ching EstateHau Tak Estate
Fu Tip EstateTin Wah EstateKing Lam Estate

For the following analysis, we select the public housing units affected by typhoons and sea level rise in these regions, highlighted in blue in Figure 8.

  • Kwong Fuk Estate, affected by low-lying risks
  • Tin Heng Estate, affected by storm surges
  • Yi Ming Estate, affected by overtopping waves

Figure 8. Locations of the selected public housing units for research.

Notes: The map icons denote the location of various public housing estates, with the blue icons highlighting those near three specific risk areas. Areas identified include Kwong Fuk Estate in the Tai Po District, at risk of low-lying risks; Tin Heng Estate in the Yuen Long District, at risk of storm surges; and Yee Ming Estate in the Tseung Kwan O District, susceptible to wave overtopping. (Data sources: Hong Kong Housing Authority, Drainage Services Department)

3.2 Physical Climate Risks Assessment: Methodology and Climate Scenarios

(1) Overview of the Methodology

Our climate-risk assessment involves the following key steps: real estate data and historical climate-risk data collection; climate-risk analysis that combines general circulation model, regional climate model, and economic data; scenario simulations based on different future pathways; quantification of climate-risk impacts; data visualization and output.

Table 2. Key steps and data & models for physical risks assessment.

Main StepsData Sources & Models
Physical Risks IdentificationGather real estate data in Hong Kong, including property locations and asset types.Obtain historical hazards data for the region, including frequency, intensity, etc.
Physical Risks AnalysisGeneral Circulation ModelsRegional Climate ModelsHistorical ObservationsGeospatial DataEconomic Data
Climate Scenarios AnalysisSSP1-RCP2.6SSP2-RCP4.5SSP4-RCP6.0SSP5-RCP8.5
Physical Risks QuantificationCLIMADA Model https://wcr.ethz.ch/research/climada.html
Data and Model Integration, VisualizationYoujiVest Climate Risk Model

(2) Climate Scenarios

The Shared Socioeconomic Pathways (SSPs) are projected climate change scenarios defined by the IPCC AR6.[5] The combined SSP-RCP scenarios, summarized in Table 3, are among the most commonly used global climate scenarios. They combine baseline SSPs with different emissions trajectories (based on the RCPs). We adopt the combined SSP-RCP scenarios to project future climate extremes in the selected sites, taking both emission trajectories and socioeconomic development into account.[6]

Table 3. Different climate scenarios and implied temperature rises.

Time horizonNear-term (2030)Mid-term (2050)Long-term (2080)Long-term (2100)
ScenarioTemperature increasing ()
SSP1-2.61.471.761.831.76
SSP2-4.51.491.972.462.63
SSP4-6.01.492.052.803.16
SSP5-8.51.602.484.055.05

Data source: The data derives from Our World in Data, https://ourworldindata.org/

(3) Key Assumptions & Limitations

  • The government owns public housing units, so they lack accurate market values. Our study estimates physical value loss and infers their values using the prices of the five nearest Home Ownership Scheme units. We then use the weighted average prices (based on the distance and building age difference of the five nearest Home Ownership Scheme units) to infer their values.
  • This analysis does not incorporate the climate adaptation measures already in place, which may change the estimation results.
  • Current understandings of emissions and socioeconomics constrain climate models. They may fail to anticipate future technological advancements or policy changes, overlook local climate characteristics, and underestimate extreme events, affecting the modeling outputs.

3.3 Results

We start by visualizing the projected typhoon intensity under different climate pathways in Figure 9. We project the extent of change in typhoon intensity relative to 2024 under various scenarios between the present and 2100. Under the high emissions scenario (SSP5-8.5), typhoon intensity is projected to increase significantly, more than 3.5 times relative to 2024. In contrast, in the low emissions scenario (SSP1-2.6), while typhoon intensity may rise slightly in the short term, after reaching a peak around 2050, the intensity is expected to decrease gradually.

Figure 9. Projected typhoon intensity under different combined SSP-RCP scenarios.

Notes: Projected changes in typhoon intensity relative to 2024 across various combined SSP-RCP scenarios from 2024 to 2100. The blue, yellow, green, and purple line segments represent the SSP1-2.6, SSP2-4.5, SSP4-6.0, and SSP5-8.5 scenarios, respectively. The SSP5-8.5 scenario exhibits a significantly higher and more rapidly increasing typhoon intensity than other scenarios. Typhoon intensity continuously strengthens in all scenarios except for SSP1-2.6, which shows a slight decline after 2050. (Data source: YoujiVest Climate Lab)

Next, we summarize the expected economic losses under different climate pathways for the selected public housing units in Figure 10. Panel A demonstrates the results for Kwong Fuk Estate; Panel B is for Tin Heng Estate, and Panel C is for Yee Ming Estate. The value loss trends are consistent across the three public housing units under four combined SSP-RCP scenarios, with risks increasing over time. Significant value losses are anticipated even under the most optimistic (the low emissions pathway) scenario (SSP1-2.6). For example, a loss of HK $2,639.75 million for Tin Heng Estate would occur based on our projection. In more extreme cases, the potential loss in asset value would increase to HK $2915.45 million for Kwong Fuk Estate, HK $3,956.91 million for Tin Heng Estate, and HK $1288.15 million for Yee Ming Estate.

Figure 10. Projected value losses of the selected public housing units.

Notes: The figure presents the value losses for the selected public housing units under various climate scenarios. Panels A, B, and C illustrate the projected value loss changes for three selected public housing estates from the present until 2100 under four combined SSP-RCP scenarios. Different colors represent distinct climate scenarios, with purple indicating the high carbon emission scenario (SSP5-8.5). The upward trend suggests that value losses are increasing over time. (Data source: YoujiVest Climate Lab)

Figure 11 summarizes the asset value losses under the SSP5-8.5 scenario. We further distinguish the specific factors causing these losses. The results indicate that Tin Heng Estate would suffer the most severe losses, followed by Kwong Fuk Estate and Yee Ming Estate.

Importantly, our analysis shows that the potential damages caused by sea level rise can be more severe, especially in the long run. It is projected that the asset loss due to sea level rise for the three public housing estates by 2100 would reach around HK$4,500 million, significantly higher than that caused by typhoons. By 2050, the value loss due to flooding for all selected public housing could be tripled.

Figure 11.Projected value losses of public housing caused by typhoons and sea level rise under SSP5-8.5 scenario across time horizons.

Notes: Under the SSP5-8.5 scenario, the value losses faced by three selected public housing units due to typhoons and sea level rise across different time horizons (2030, 2050, 2080, and 2100) are summarized. The figure illustrates the primary risks these public housing units would face and the relative value losses for these risk types. (Data source: YoujiVest Climate Lab)

4.    Hong Kong Current Climate-related Policies and Regulations

Several government bodies in Hong Kong have designed strategies and actions to address growing climate risks. Meanwhile, financial regulators also consider climate risks a pivotal threat to Hong Kong’s future economy and financial stability, having implemented a series of regulations to better manage climate risks in the financial sector.

4.1 Governmental Departments

In 2016, the Civil Engineering and Development Department (CEDD) established the Climate Change Working Group on Infrastructure (CCWGI) to coordinate departments adapting to climate change. The CCWGI regularly revises various infrastructure design standards and reviews the resilience of existing infrastructure under climate change.

CEDD began a consultancy study in 2019 to review low-lying coastal or windy locations. The department investigated storm surges and waves to assess the impacts caused by sea level rise in these locations. Furthermore, CEDD has continuously improved the Hong Kong Slope Safety System and formulated strategies to prepare for the threat of landslides caused by extreme rainfall, including prevention, preparedness, and education.

The Drainage Services Department (DSD) has updated its drainage system design to factor in climate change in its Stormwater Drainage Manual. It now addresses rainfall increase and sea level rise caused by climate change.

The Highways Department has also leveraged the HKO’s climate scenario analysis during road drainage design. The Development Bureau oversees urban planning and development strategies. Its development initiatives incorporate green building practices, sustainable design, and climate-resilient infrastructure.

4.2 Financial Regulators

The Hong Kong Monetary Authority (HKMA) has focused on climate-risk management since 2019. As a banking supervisor, the HKMA focuses on building banks’ resilience against climate risks and climate-risk management capabilities. The HKMA has enhanced climate risk management for financial sectors and launched a pilot climate-risk stress test for Hong Kong’s banking sector in 2021.

The Securities & Futures Commission of Hong Kong (SFC) plays a crucial role in overseeing and regulating companies’ environmental, social, and governance (ESG) and climate-related disclosures. The SFC and the HKMA also co-chair Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group and support the government’s climate strategies.

The Hong Kong Stock Exchange (HKEx) also advocates for increased awareness and transparency around financial risks related to climate change.

5. Policy Implications

If climate risks are tackled appropriately, they can be transformed into development opportunities. To better adapt to climate change, we provide the following policy recommendations.

5.1 Data Integration and Comprehensive Climate-Risk Analysis

The Hong Kong government is instrumental in gathering data on weather patterns, topography, buildings and infrastructures, and socio-economic conditions. However, data integration is largely non-existent in Hong Kong, making it difficult for researchers to comprehensively analyze how climate risks affect different aspects of the economy. We recommend that the government create a geo-coded data platform that integrates these datasets to support comprehensive climate-risk analysis. This will serve as the cornerstone for researchers to identify the buildings and infrastructures exposed to high climate risks so that the government can target vulnerable populations and coordinate efforts across different units.

5.2 Adaptative Retrofits for Old Buildings and Infrastructures  

For existing buildings and infrastructures, we suggest gradually conducting adaptative retrofits for high-risk regions, which include measures to improve energy efficiency, enhance structural integrity, use resilient materials, and increase their capability to withstand floods, storms, and heat waves. Noting that the Hong Kong government has implemented several initiatives to renovate old buildings, it is important to incorporate more climate-resilient designs in this process. For new buildings, the location selection needs to consider rising sea levels. It is important to highlight that properties in low-lying areas will have lower asset value in the medium to long term, and such value shifts may influence the pricing patterns of Hong Kong’s properties. Leveraging geographic conditions, nature-based solutions can also be effective in adaptively protecting and strengthening infrastructures and buildings.

5.3 Targeting Vulnerable Groups

Vulnerable groups, such as older people and low-income families, are often disproportionately affected by climate extremes due to limited resources and mobility. When developing climate adaptation policies, these groups should be given more attention. This includes providing more social protection, targeted support, and climate-related education to these groups.

5.4 Improving the Climate Disaster Prediction, Warning and Response System

The Hong Kong government has made great efforts through various initiatives and measures to minimize the impacts of extreme weather events. Nevertheless, it is important to continuously summarize past experiences, adjust current response strategies, and ensure rapid recovery in the future.

Among various things that the government can do, we believe it should consider integrating the disaster prediction, warning, and emergency response systems. It is well understood that disaster prediction is often tricky. The government can consider setting up a competitive fund for climate risk analysis and disaster prediction. Climate-risk products with the highest predictive power during each extreme climate event (based on ex-ante/real-time information) should be rewarded. Meanwhile, real-time disaster data should be collected from social media and other sources for swift planning and responses.

5.5 Developing the Climate Catastrophe Insurance and Reinsurance Market

Insurance and reinsurance could also be essential tools for coping with climate catastrophes. Some early examples include Mexico’s FONDEN disaster fund and the Caribbean Catastrophe Risk Insurance Facility, which build shared-risk mechanisms for post-disaster reconstruction and recovery. As a global financial center, Hong Kong has many insurance and reinsurance companies with professional experience and risk assessment capabilities. Given its relevance to Hong Kong, the government should consider developing the city into a hub for climate catastrophe insurance and reinsurance products. Doing so requires close collaboration between regulatory bodies, insurance and reinsurance companies, climate experts, and other stakeholders.

5.6 Supporting Early-Stage Climate-Tech Companies and Application of Climate-Adaptation Technologies

Supporting early-stage climate-tech companies and applying climate adaptation technologies are crucial for addressing Hong Kong’s climate risks. The government should consider providing financial support to help climate-tech startups develop and scale up their technologies. In addition, the government should design incentives for companies in Hong Kong to adopt climate-adaptation technologies, such as tax incentives, subsidies, and procurement preferences. Demonstration projects can be initiated to showcase the effectiveness of climate adaptation technologies in real-world settings.

5.7 Paying Attention to Transition Risks

Apart from the physical risks discussed in this report, risks arising from transitioning to a low-carbon economy and shifting towards sustainable practices are also worth our attention. The Hong Kong Climate Action Plan 2050 includes ambitious interim targets to cut carbon emissions by 50% before 2035 from the 2005 level. This will require systemic changes in regulations, technology adoption, market preferences, and more. The government should evaluate viable pathways to achieve these targets and assess the impacts of climate transition risks on Hong Kong’s economy, environment, and society.

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Acknowledgments

Special thanks go to Yutong Zhou, Renbo Li and Jun Wang for their great support with this research report.


[1] According to the Hong Kong Observatory’s definition, a hot night is a night with a minimum temperature of 28°C or above, and a cold day refers to a night with a minimum temperature of 12°C or below.

[2] IPCC AR6, the Sixth Assessment Report of the Intergovernmental Panel on Climate Change. It is a comprehensive and authoritative assessment of the current state of knowledge on climate change, its impacts, and potential future risks, as well as the options for adaptation and mitigation.

[3] RCP4.5, Representative Concentration Pathways Scenarios, include time series of emissions and concentrations of the full suite of greenhouse gases and aerosols and chemically active gases, as well as land use/land cover. RCP4.5 is an intermediate stabilization pathway in which radiative forcing is stabilized at approximately 4.5 W/m2 after 2100.

[4] Overtopping waves are those that exceed the crest elevation of a sea defense structure, such as a seawall or levee, and flow over the top, potentially causing flooding and erosion on the landward side.

[5] SSPs, Shared Socioeconomic Pathways, describe plausible future narratives for socioeconomic development, while RCPs outline possible pathways for greenhouse gas emissions and atmospheric concentration levels (IPCC).

[6] SSP-RCP Scenarios, sometimes referred to as the ‘SSPX-Y scenarios’, combine the baseline SSPs with RCP scenarios from the IPCC’s fifth assessment reporting period. The SSP-RCP scenarios impose global warming targets on the baseline SSP scenarios using the radiative forcing levels of the RCP scenarios.

Translation

化氣候風險為發展機遇
—— 香港經濟前景的政策啟示


何國俊   王芑丹   胡若菡   畢成

 

1. 引言


世界經濟論壇在2024年《全球風險報告》中指出,以下三大關鍵氣候議題已成為人類的嚴峻挑戰:極端天氣事件、地球系統的根本性變化,以及生物多樣性喪失和生態系統崩潰。與工業革命前相比,目前因氣候變化導致的全球平均氣溫上升攝氏1.44度,已令世界經濟大受干擾(美國太空總署,2023)。

香港是沿海城市,且地勢低窪,因此易受極端天氣事件的影響;在過去幾十年,已歷經多次氣候災害。其中,強颱風侵襲和海平面上升尤其引人關注。一方面,強烈熱帶氣旋帶來暴雨、強風、風暴潮和洪水氾濫,中斷經濟生產之餘,亦對脆弱區域和市民產生負面影響。另一方面,香港大部分經濟活動集中在低海拔地區,更易遭受海平面上升造成的損害。

下文首先概述香港地區面臨的主要氣候風險,聚焦颱風和海平面上升所帶來的影響。以近期的颱風「蘇拉」為例,本研究檢視颱風路徑、風暴潮高度和風力強度。然後以颱風和海平面如何影響公共租住房屋(公屋)為重點,在不同氣候變化情況下進行情景分析,以評估潛在經濟損失。最後,筆者就可行的氣候適應策略提出政策建議,以增強氣候韌性,降低相關風險。

 

2. 香港氣候風險概覽


過去1個世紀以來,香港的氣溫持續上升。香港天文台分析顯示,自1885至2023年期間,平均氣溫以每10年攝氏0.14度的幅度上升,而在1994至2023年期間,上升幅度更增至每10年攝氏0.30度。在此一升溫趨勢的大前提下,2001至2023年期間每年平均熱夜數目相對於1991至2000年期間增加了67.18%,而寒冷天氣日數則減少了18.19%[1]。海平面亦呈現穩定上升趨勢。1954至2023年期間,維多利亞港平均海平面每10年上升31毫米。

與此同時,近20年以來,颱風和暴雨愈發頻繁。風暴潮、強風和海旁水浸等天氣事件,導致香港極其嚴重的損失。

 

2.1 香港最頻發的氣候災害:颱風


香港背向西北太平洋,北部為東西走向山脈,南部面臨遼闊海洋,因而極易受到颱風吹襲。高溫潮濕也為熱帶氣旋提供了充足的水汽,為形成颱風提供了理想環境。

圖1     2014–2023年期間的颱風路徑和強度



資料來源:有機數氣候實驗室

註:圖中左右兩部分標示近年颱風襲港的情況。從【圖1A】可見2014至2023年期間,影響西北太平洋地區的颱風,風力達3級或以上的颱風對香港的影響尤其嚴重。線條代表颱風的路徑,顏色從紫色漸變至紅色,表示風力逐漸增強。最強風速高達137節,即每小時210公里,在2023年記錄所得。【圖1B】展示香港歷史上所曾遭遇最強颱風;各區風速由每秒40米到每秒63米不等。

【圖1】綜觀2014至2023年期間影響香港和中國內地的颱風活動。不少颱風在香港及鄰近地區登陸,以致香港成為極易受到颱風吹襲破壞的地區(【圖1A】。【圖1B】進一步標示香港歷史上所曾遭遇颱風的風力模式,揭示颱風強度整體從西北向東南方向遞增,因此香港島所受影響最為嚴重。港島區不僅是全城的經濟中心,也是人口和生產活動密集之地。在強風吹襲下,區內建築物和基礎設施(尤其當風地點)受破壞的風險更高。

【圖2】綜觀過去20年期間,8號或以上熱帶氣旋警告信號懸掛的持續時間和頻率。據本研究觀察所得,香港受到颱風吹襲的次數日趨頻密,而強颱風持續的時間也有所延長。值得注意的是,2023年錄得3次強颱風襲港,以致發出8號或以上信號累計長達76小時:受超強颱風「蘇拉」、強颱風「小犬」、颱風「泰利」吹襲期間,香港分別發出10號颶風信號,9號烈風或暴風風力增強信號、8號烈風或暴風信號。

 

圖2  2004–2023年期間每年颱風襲港次數和持續時間



資料來源:香港天文台

註:藍色實線代表香港天文台每年發出8號或以上信號的累計持續時間,黃色虛線代表每年在香港登陸或造成嚴重破壞的颱風次數。8號或以上信號累計時間在2023年顯著增加,達近20年以來最高紀錄。

 

2.2 近年超強颱風的毀滅性後果


近幾年來超強颱風此一極端氣候事件多次衝擊香港,對民生和經濟造成重大損害,主要在住屋和其他資產方面。2018年9月16日,超強颱風「山竹」(10號颶風信號)來襲,估計直接造成逾46億元的經濟損失(Choy et al. 2020)。

較近期的超強颱風「蘇拉」,是2023年第三個襲港的熱帶氣旋,天文台發出10號颶風信號。該颱風中心最高持續風速達每小時210公里,刷新香港颱風史上紀錄。【圖3】標示在太平洋形成的「蘇拉」的路徑,先在香港登陸,然後對廣東省一帶造成破壞。

圖3  2023年超強颱風「蘇拉」路徑



資料來源:有機數氣候實驗室

註:圖中顯示颱風「蘇拉」路徑,紫色至紅色的漸變代表風力持續升級。「蘇拉」風力強勁,風速範圍高達96至113節。

【圖4A】顯示「蘇拉」襲港期間風力。據本研究觀察所得,西南部地區,包括昂坪、沙洲、長洲、坪洲、青洲、港島南區(圖中紅旗位置),所受影響尤為顯著。

強風造成玻璃碎裂、樹木倒塌、基礎設施損壞等,「蘇拉」更觸發風暴潮,以致潮位急升。從【圖4B】可見,此現象集中在海灣區域,特別是沙田、大埔和大澳。區內不少船艇遭潮水破壞,廣泛洪水氾濫更侵蝕了沿岸陸地,並損壞周邊道路和財產。期間香港多區出現水浸、塞車和公共交通嚴重誤點。

根據香港保險業監管局統計,颱風「蘇拉」及隨後的黑色暴雨所涉保險索償總金額達19億元。其中以財產損失和業務中斷的個案最多,總賠償金額達16.4億元。僱員賠償、汽車和旅遊索償金額為2.1億元。

圖4  颱風「蘇拉」引發的強風和風暴潮情況



資料來源:有機數氣候實驗室

註:左、右圖顯示颱風「蘇拉」對香港各區的影響。【圖4A】顯示風力強度影響分布,藍色到黃色的漸變代表強度漸增。香港西南至東北區錄得的最高風速在每秒32.5至47.5米之間。【圖4B】以浪湧高度代表風暴潮的強度,藍色到黃色的漸變代表強度漸增。

 

2.3 香港面臨的長遠重大氣候風險:海平面上升


2023年,全球平均海平面較1993年上升了101.4毫米,成為自1993年以來衛星觀測中的最高記錄(美國國家海洋及大氣管理局,2023)。根據聯合國政府間氣候變化專門委員會第六次評估報告和美國國家海洋和大氣管理局數據[2],若溫室氣體繼續以較高速率排放,冰蓋將快速融化,到2100年,海平面將較2000年上升多達2米。對香港來說,這意味著需建造5至6米高的沿岸防禦設施,估計特區政府總收入的82%將因而受到影響(China Water Risk,2022)。根據天文台的數據,1954到2023年期間,維多利亞港年平均海平面的上升速度為每10年31毫米。

筆者對海平面數據進行分析,預計香港海平面的上升幅度(【圖5】)。2050年是一個關鍵時間節點,因為一如許多國家和地區,香港亦已承諾在此年之前實現淨零排放。

海平面上升將導致嚴重的經濟財產損失,增加海旁水浸的概率,並影響鄰近居民。根據Shen等學者(2022)的研究:在RCP4.5下[3],到了2060年,維多利亞港附近面積約8,500平方米的土地,將受到海平面上升的影響。結合筆者的分析,香港西部和西北部地區,如天水圍、屯門、東涌和大澳等(【圖5】),屆時被淹沒的風險尤其高。

圖5  2050年香港地區平均海平面上升幅度預測



資料來源:有機數氣候實驗室

註:據預測,2050年香港平均海平面上升幅度,將在0.2至0.3米之間。黃色到紫色的漸變代表海平面上升幅度漸增。西部海平面預料將上升0.24米以上,幅度尤為顯著。

 

3. 案例研究:未來氣候風險與香港公共房屋


對於未來氣候面貌,以及種種氣候風險對香港經濟有何影響,都亟待加以了解。礙於研究範圍所限,本報告未能提供全面評估。筆者選取少數高風險地點,藉以展現精細氣候數據和氣候風險分析如何有助於決策。再者,筆者聚焦公屋這一特定房屋類別加以深入分析,原因在兩方面。首先,香港大部分脆弱社群都居住於公屋,其中包括低收入(政府統計處,2024)、高密度(GovHK,2022)和長者(Peng 與Maing,2021)人口。這些脆弱社群往往因缺乏足夠知識和能力,而未能了解和應對氣候風險。其次,公屋既為政府所有,筆者的分析足以直接為政策制定者提供參考。

3.1本研究所選地區


筆者將香港公屋地理分布與26個易受風暴潮和越堤浪衝擊的低窪或當風地區進行比對。如【圖6】所示,五角星標誌面臨颱風和海平面上升風險的公共屋邨。其中,紅色五角星標誌面臨海平面上升風險最高的低窪地區; 藍色地圖標記代表香港的239個公共屋邨。筆者發現,大多數公共屋邨位於基礎設施建設相對薄弱的地區,而更易受風暴潮、水浸和強風的影響。黃色五角星標誌的7個地區會受風暴潮嚴重影響; 紫色五角星標誌的3個地區則面臨越堤浪的嚴重影響[4]

圖6  受氣候風險影響的公共屋邨及其所在地區



資料來源:香港特區政府房屋署、渠務署

註:圖中標示公共屋邨位置以及易受洪水氾濫或強風影響的地區。紅色五角星標誌低窪地區,黃色五角星標誌易受風暴潮影響的地區,紫色五角星標誌易受越堤浪影響的地區,藍色地圖標記代表香港所有公共屋邨的位置。

【圖7】聚焦受低窪、風暴潮和越堤浪風險影響最嚴重的公共屋邨,其分布地區主要為大埔區的大埔林村河新界西北部和將軍澳南。【表1】列出筆者識別為氣候風險較高的公共屋邨名稱。

圖7  面臨顯著氣候風險的公屋及其地理位置分布



資料來源:香港特區政府房屋署、渠務署

註:圖中展示香港受低窪、風暴潮和越堤浪風險影響最大的地區情況。【圖7A】顯示大埔區大埔林村河情況,紅色五角星標誌低窪風險最高的地區。紅色地圖標記代表該區靠近風險點且易受低窪風險影響的公共屋邨。【圖7B】顯示新界西北區情況,紫色五角星標誌風暴潮風險最高的地區,紫色地圖標記代表靠近風險點的公共屋邨。【圖7C】顯示將軍澳南的情況,黃色五角星標誌面臨越堤浪風險最大的地區,黃色地圖標記代表該區靠近風險點的公共屋邨。

1  易受3種特定風險影響的公共屋邨名單
















































受低窪影響的公共屋邨受風暴潮影響的公共屋邨受越堤浪影響的公共屋邨
廣福邨天恆邨怡明邨
運頭塘邨俊宏軒善明邨
寶鄉邨天澤邨彩明苑
富善邨天逸邨健明邨
太和邨天恩邨尚德邨
大元邨天悅邨明德邨
富亨邨天晴邨厚德邨
富蝶邨天華邨景林邨

以下分析則選取區內受颱風和海平面上升影響的公共屋邨,在【圖8】中以藍色標示:

  • 廣福邨:受低窪風險影響

  • 天恆邨:受風暴潮影響

  • 怡明邨:受越堤浪影響


圖8  本研究選取的公共屋邨位置



資料來源:香港特區政府房屋署、渠務署

註:地圖標記代表公共屋邨位置,其中藍色地圖標記代表靠近3個特定風險地區的公共屋邨:面臨低窪風險的大埔廣福邨; 面臨風暴潮風險的元朗天恆邨; 以及面臨越堤浪風險的將軍澳怡明邨。

 

3.2 實體氣候風險評估:方法及氣候情景


(1) 方法概述


筆者的氣候風險評估涉及以下5個關鍵步驟:房地產數據和歷史氣候風險數據收集;結合大氣環流模型、區域氣候模型,以及經濟數據的氣候風險分析;基於各種未來氣候變化而進行情景模擬;氣候風險影響量化,以及數據可視化及輸出。

2 實體風險評估關鍵步驟、數據和模型



























主要步驟數據來源模型
實體風險識別

  • 收集香港房地產數據,包括位置、資產類別等

  • 獲取所選地區歷史上災害數據,包括頻率、強度等


實體風險分析

  • 大氣環流模型

  • 區域氣候模型

  • 歷史上觀測數據

  • 地理空間數據

  • 經濟數據


氣候情景分析

  • SSP1-RCP2.6(較低排放的可持續發展路徑)

  • SSP2-RCP4.5(中間路徑)

  • SSP4-RCP6.0(不均衡路徑)

  • SSP5-RCP8.5 (較高排放的傳統化石燃料為主路徑)


實體風險量化

  • CLIMADA模型


https://wcr.ethz.ch/research/climada.html
數據模型整合及可視化

  • 有機數氣候風險模型



(2) 各種氣候情景


共享社會經濟路徑(SSPs)是聯合國政府間氣候變化專門委員會在第六次評估報告中提出的預測氣候情景[5]。SSP-RCP相結合情景(【表3】)屬目前全球常用的氣候情景之列;二者結合基線共享社會經濟路徑(SSPs)與基於代表性濃度路徑(RCPs)的各種排放軌跡。筆者採用SSP-RCP相結合情景來預計所選地點未來的氣候極端情況,同時兼顧排放軌跡和社會經濟發展。[6]

3  各種氣候情景及其所示溫升情況










































時間跨度近期

(2030)
中期

(2050)
長期

(2080)
長期

(2100)
氣候情景氣溫升高 (攝氏度
SSP1-2.61.471.761.831.76
SSP2-4.51.491.972.462.63
SSP4-6.01.492.052.803.16
SSP5-8.51.602.484.055.05

資料來源:Our World in Data(https://ourworldindata.org/

(3) 主要假設與局限性



  • 公共屋邨由政府所有,因而欠缺精確市場價格。因此,在量化未來潛在資產損失時,本研究以距離所選公共屋邨最近的5個居者有其屋屋苑的售價為準,對實質價值損失和公屋單位價值進行估算,按基於此等居屋屋苑的距離和樓齡差距計算的加權平均售價,推斷公共屋邨單位的價值。

  • 本文分析並未包括現已推行而或能改變估算結果的氣候適應措施。

  • 礙於當前對溫室氣體排放和社會經濟狀況所知有限,各種氣候模型或未能預見未來科技進展或政策變化,亦可能忽略地方氣候特徵和低估極端氣候事件,而影響模型輸出。


 

3.3 研究結果


首先,筆者將不同氣候路徑中的推算颱風強度在【圖9】中標示,然後估算現時至2100年期間不同情景中,颱風強度相對於2024年的變化。在高排放情景(SSP5-8.5)下,颱風強度預計將顯著增強,相較2024年超出3.5倍以上。在低排放情景(SSP1-2.6)下,儘管颱風強度短期內微升,但在2050年前後達到峰值之後,颱風強度則預料將呈下降趨勢。

圖9  推算在SSP-RCP相結合情景下的颱風強度



資料來源:有機數氣候實驗室

註:圖中顯示從2024至2100年期間,在不同SSP-RCP相結合情景下相對於2024年的預計颱風強度變化。其中藍、黃、綠和紫色實線分別代表SSP1-2.6、SSP2-4.5、SSP4-6.0和SSP5-8.5情景。相較其他情景,SSP5-8.5情景下的颱風強度變化與提升速度尤為明顯。除在SSP1-2.6情景下颱風強度於2050年達峰值後略見下降,在其他所有情景下風力均持續增加。

其次,筆者在【圖10】中標示,在不同氣候情景下,預計對所選公共屋邨所造成的經濟損失。廣福邨、天恆邨、怡明邨的價值損失分別見於【圖10A】、【圖10B】、【圖10C】。3個公共屋邨在不同情景下的價值損失情況呈現一致的變化趨勢,即經濟損失風險隨着時間推移而有所提升。即使在最樂觀(低碳排放路徑)的情景(SSP1-2.6)下,亦預計出現顯著的價值損失。例如根據筆者的推算,天恆邨,將面臨26. 3975億元的價值損失。在更極端情況下,廣福邨、天恆邨及怡明邨面臨的價值損失或將分別增至29.1545億元、39.5691億元和12.8815億元。

圖10  研究所選公共屋邨的推算價值損失



資料來源:有機數氣候實驗室

註:圖中顯示不同氣候情景下所選公共屋邨的價值損失類比預測情況。【圖A、B、C】分別展現了從現在至2100年,在4種SSP- RCP相結合情景下,3個公共屋邨的預計價值損失變化。不同顏色代表各特定氣候情景,紫色實線代表高碳排放情景(SSP5-8.5)。圖中上升趨勢表示價值損失隨着時間推移而有所增加。

【圖11】綜觀在對SSP5-8.5氣候情景下的資產價值損失。筆者進一步區分導致此等損失的各種特定因素。結果顯示,天恆邨或會遭受最嚴重損失,其次是廣福邨和怡明邨。

值得指出的是,筆者的分析顯示,海平面上升引致的資產損失可能更為嚴重。長遠而言尤其如此。預計到2100年,3個所選公共屋邨因海平面上升而遭受的資產損失將約達45億元,遠較颱風造成的損失為高。到了2050年,全部所選公共屋邨因水浸而遭受的價值損失更可能增加兩倍。

圖11  SSP5-8.5氣候情景下,不同時間跨度的颱風和海平面上升所致公共屋邨預計資產價值損失



資料來源:有機數氣候實驗室

註:圖中標示SSP5-8.5氣候情景下,3個所選公共屋邨在不同時間跨度(2030年、2050年、2080年和2100年)因颱風和海平面上升而面臨的價值損失,從中可見這些屋邨的潛在主要風險以及有關風險類別所致的相對價值損失。

 

4. 香港現行氣候相關政策和法規


面對日益嚴峻的氣候風險,香港已有多個政府部門制定應對策略和行動。與此同時,金融監管機構也將氣候風險視為對特區未來經濟和金融穩定性的關鍵威脅因素,並實施了一系列法規,以更好地管理金融界的氣候風險。

4.1 政府部門


2016年,土木工程拓展署成立氣候變化基建工作小組,以協調各工務部門應對氣候變化方面的工作。該工作小組定期修訂基建設施的設計標準,並檢視氣候變化下現有設施的抗逆能力。

該署於2019年還開展1項圍繞檢視沿岸低窪和當風地點情況的諮詢研究,並對相關的風暴潮和風浪進行調研,以評估海平面上升對這些地區造成的影響。此外,土木工程拓展署不斷改進斜坡安全系統,制定相應策略,從預防、應變和教育3方面,為極端暴雨所帶來的山泥傾瀉風險作出準備。

渠務署對《雨水排放系統手冊》進行了更新,將氣候因素納入排放系統的設計標準之中,以應對因氣候變化而增加的降雨量及海平面上升高度。

路政署利用香港天文台的氣候情景分析結果,支援其用於道路排水的設計。發展局則負責城市規劃及發展策略,將綠色建築實踐、可持續設計、氣候適應基建等納入其發展舉措中。

4.2 金融監管機構


金融管理局(金管局)自2019年以來將氣候風險管理作為重點監管關注領域。作為銀行業監管機構,金管局致力支持銀行建立應對和管理氣候風險的能力,以加強對金融界的氣候風險管理,並於2021年就銀行業氣候風險壓力測試推出試驗計劃。

證券及期貨事務監察委員會(證監會)在監督和規範金融業環境、社會及管治(ESG)以及與氣候相關披露方面發揮着關鍵作用。證監會和金管局還共同領導綠色和可持續金融跨機構督導小組,並支援政府的氣候策略。

與此同時,香港交易所亦大力倡議加強對與氣候變化相關金融風險的意識和透明度。

 

5. 政策建議


氣候風險若處理得當,可轉化為發展機遇。為妥善適應氣候變化,筆者提出如下政策建議。

 

5.1 整合數據和全面展開氣候風險分析


關於收集和整合有關天氣模式、地形、建築、基礎設施和社會經濟的各類數據,特區政府發揮不可或缺的作用。然而,目前香港在很大程度上尚未實現相關數據的系統整合,研究人員因而難以全面分析氣候風險對經濟不同層面的影響。有見及此,筆者建議政府構建一個地理編碼數據平台,整合有關數據集,以支援對氣候風險的全面分析。這將為研究人員識別深受氣候風險影響的建築物和基礎設施奠定堅實的基礎,以便政府聚焦脆弱社群,協調各有關部門通力合作。

 

5.2 活化更新舊建築物和基礎設施


對於現有建築物和基礎設施,筆者建議針對高風險地區進行活化翻新,包括提升能源效益、增強建築結構完整性、採用具韌性材料、強化建築物抵禦洪水、風暴和熱浪等極端天氣的能力。政府既已出台一些對舊建築物翻新計劃,不妨更進一步,在過程中加入氣候抗逆力更強的設計。對於新建築物的選址,應考慮海平面上升的問題;須知低窪地區的房地產難免在中期至長期內貶值,而這一價值轉變,或足以影響房地產市場的定價模式。善用地理優勢,基於自然環境的方案,亦應有助於維護和鞏固基礎設施和建築物,以應對氣候轉變。

 

5.3 對脆弱社群給予更多關注


由於受資源不足所限或因行動不便,脆弱社群如長者和低收入家庭所受到極端氣候的影響,往往大得不成比例。當局在擬定氣候適應政策之際,應多著眼於這些脆弱社群,可行措施包括多提供社會保障、針對性援助,以及氣候相關教育等。

 

5.4 改良氣候災害預測、預警和緊急應變系統


在減輕極端天氣事件影響方面,特區政府已下了不少功夫,但仍須不斷總結經驗教訓、調整現行對策,確保日後迅速復原。

至於可行措施,筆者認為當局應將氣候災害預測、預警和緊急應變系統加以整合。無庸置疑,氣候災害每每難以準確預測。政府不妨考慮就氣候風險分析和災害預測提供競逐性資助,獎勵在每次極端氣候事件期間(根據事前或實時資訊)預測最準確的氣候風險產品。與此同時,還應收集來自社交媒體等各類資訊源的實時災害數據,以便迅速策劃和應變。

 

5.5 構建氣候巨災保險和再保險市場


保險和再保險也可以是應對氣候巨災的必要手段。早期較具代表性的例子包括墨西哥自然災害基金FONDEN,和加勒比巨災風險保險基金,藉以建立風險共擔機制,促進災後重建和復原。作為全球一大金融中心,香港有大量保險和再保險公司,不乏專業經驗和風險評估能力。鑑於這方面的專長,政府可考慮將本港打造成為一個氣候巨災保險和再保險產品樞紐。要達此目的,有賴監管機構、保險和再保險公司、氣候專家以及各持份者攜手合作。

 

5.6 支援早期氣候科技企業和氣候適應科技應用


支持處於早期階段的氣候科技企業和應用氣候科技,對於香港應對氣候風險無疑舉足輕重。政府應考慮提供資助,以促進氣候初創企業發展,並擴展其科技的用途。此外,當局還應透過稅務優惠、資助、優先採購安排等措施,獎勵本地企業採納氣候適應科技;並可推出示範項目,以展示氣候適應科技的實際應用效益。

 

5.7 氣候轉型風險不容小覷


除了上文論及的實體風險,還須留意向低碳經濟轉型和向可持續實踐轉變過程中產生的種種風險。《香港氣候行動藍圖2050》中已設定雄心勃勃的中期減碳目標,在2035年前,香港碳排放量將從2005年水平減少50%。要實現這一目標,必須在法規、技術採納、市場偏好等方面推行制度上的改革。政府應就可行路徑作出評估,並衡量氣候轉型風險對香港經濟、環境和社會的影響。

 

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鳴謝

周宇彤、李仁波和王駿在撰寫本研究報告過程中提供有力協助,特此鳴謝。

 

[1] 根據香港天文台定義,熱夜指日最低氣溫攝氏28度或以上,寒冷天氣指日最低氣溫攝氏12度或以下。

[2] 聯合國政府間氣候變化專門委員會第六次評估報告是當前全球氣候變化領域最權威的綜合性報告,涵蓋關於氣候變化的現有知識、影響與潛在未來風險,以及適應和減緩氣候變化的方案。

[3] 中低溫室氣體濃度情景包含所有溫室氣體和氣溶膠以及化學活性氣體的排放和濃度,以及土地利用/土地覆蓋的時間序列。這個中等穩定情景下,輻射強迫在2100年之後穩定在4.5 W/m2

[4] 越堤浪指越過海防結構(如海堤或堤壩)頂高的海浪,在流過頂部後或會在岸上引發洪水氾濫和侵蝕。

[5] 共享社會經濟路徑(SSPs)說明社會經濟發展的未來論述; 代表性濃度路徑(RCPs)則概述溫室氣體排放和大氣濃度值的可能路徑(參考政府間氣候變化專門委員會)。

[6] SSP-RCP情景有時亦稱為SSPX-Y情景,結合聯合國政府間氣候變化專門委員會第五次評估報告期間的基線SSPs與RCPs情景。SSP-RCP情景是利用RCP的輻射強迫水平,將全球暖化目標加諸於基線SSP情景。