WWF welcomes new legislation to ban trawling in Hong Kong

 

 

Does anyone know if trawling is banned in Singapore waters?

Banning trawling will allow a living habitat of soft corals, sponges and numerous bottom-dwelling creatures on the seabed to regrow — which will in return support numerous seafood species popular among Hong Kong people. Top fisheries scientists have predicted that just five years after the implementation of the trawling ban (and commercial fishing in marine parks), populations of squid and cuttlefish will increase by 35 percent and that of reef fish by 20 percent. Populations of larger fish, such as groupers and croakers, will surge by 40 to 70 percent as well.

via WWF

China Suntien Green Energy raises $369 mln in HK IPO

China Suntien Green Energy raised $369 million by pricing its Hong Kong initial public offering at the top of the indicative range, according to a term sheet obtained by Reuters on Thursday.

Suntien, which operates a wind farm and a natural gas business, is the clean energy unit of Hebei Construction & Investment Group, state-owned investment arm of Hebei provincial government.

The company sold 1.08 billion shares, or 35 percent of its enlarged share capital, at HK$2.66 each, compared with an indicative price range of HK$2.06-HK$2.66 per share, the term sheet said.

Suntien’s trading debut is set for October 13, under the symbol “956″.

Macquarie Group is the sole global coordinator. (US$1=HK$7.75)

via China Suntien Green Energy raises $369 mln in HK IPO | Reuters. (Reporting by Kennix Chim; Editing by Chris Lewis from Reuters)

Record Hong Kong air pollution sparks protest

Roadside air pollution in Hong Kong hit record highs in the first six months of the year, hurting public health and economic competitiveness compared with Asian rivals, activists and lawmakers said Tuesday.

via Record Hong Kong air pollution sparks protest | Reuters.

Keeping cool making Hong Kong hotter

Scientists predict that Hong Kong will have almost no winter by the end of the century as the electricity guzzlers help heat up the city.”Local temperatures are rising at a speed of 0.6 degrees Celsius each decade, more than three times the global average,” said Lee Boon-ying, director of the Hong Kong Observatory.”The excessive use of any electricity-powered machines like air conditioners will accelerate global warming, raising temperatures.”Scientists link climate change to the greenhouse effect, in which gases emitted by burning fossil fuels such as coal to produce energy trap heat in the atmosphere.Air conditioners account for up to 60 percent of Hong Kongs electricity usage in the hot, humid, sub-tropical summers, according to government figures.The city is notorious for its over-chilled interiors, from arctic shopping malls to icy bank towers, with many street-side shops leaving their doors open and letting the cool air out, enraging environmentalists.

Read more at The Independent.