Deteriorating air quality drives away potential investors, damages trade and tourism.
It makes companies difficult to attract and retain international talent, decreases productivity, and increases health care and maintenance costs.
Economic Consequences of Air Pollution
Hong Kong's global competitiveness and city image is damaged.
According to Hedley Environmental Index, air pollution costs an estimate of over HK$30 billion per year, including medical bills and productivity loss.
Learn from foreign examples
How cleaner air could drive economic growth.
Ranked as the greenest country, Sweden illustrates how sustainable development has increased its economic growth by 4.1% in 2015, according to the Global Green Economy Index. Hong Kong should follow suit. A more human centric city planning is key.
How can improved city planning alleviate air pollution?