Under the project “Developing Hong Kong as a Global Green Finance Centre”, supported by the Theme-based Research Scheme (TRS) 2021/22 of the Research Grants Council (RGC) of the Hong Kong Government (project no. T31-603/21-N), our study comprises a series of cohesive studies that address fundamental research questions, including:

1. The Impacts of Environmental Risks on Financial Markets and Financial Decisions
2. Climate Risk Modeling and Derivative Products
3. The Financing of Green Infrastructure Projects
4. Enabling Technologies of Green Finance
5. Talent Capacity Building and Talent Development
6. The Effectiveness of Policy and Regulatory Instruments in Developing Green Finance in Hong Kong

In this video, the Sub-task 2.1 team will illustrate its efforts to improve climate risk management in Hong Kong by producing fine-scale, location-specific climate projections that address local vulnerabilities. By utilizing advanced modeling techniques and collaborating with the key stakeholders in the insurance and finance sectors, the team aims to support science-based policymaking, strengthen risk management strategies, and promote sustainability for a more resilient future.