City University of Hong Kong
Biodiversity is of crucial importance to the marine ecosystem. The prohibition of trawling activities in the Hong Kong marine environment for two and a half years has significantly improved biodiversity, an inter-university study led by City University of Hong Kong (CityU) has found. Research results showed that the trawl ban could restore and conserve biodiversity in tropical coastal waters.
The research team was led by Professor Kenneth Leung Mei-yee, CityU’s Director of the State Key Laboratory of Marine Pollution (SKLMP) and Chair Professor in the Department of Chemistry. The findings were published in the journal Communications Biology, titled “Recovery of tropical marine benthos after a trawl ban demonstrates linkage between abiotic and biotic changes”.
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In the wake of the Covid-19 pandemic, governments and businesses will focus their attention on rebuilding, including a move to more environmentally sustainable economies. As a result, issuers of all types are using green bonds to finance projects related to environmental initiatives.
On a steady upward trajectory over the past few years, green bonds are a growing category of fixed-income securities that raise capital for projects with environmental benefits, such as renewable energy or low-carbon transport. Although they make up only a small fraction of the total global bond market about 4 per cent green bonds reached a record high of nearly US$270 billion by the end of 2020. New issuance could reach US$400-$450 billion this year, according to a report by the London-based non-profit Climate Bonds Initiative, which promotes investment in the low-carbon economy. Due to strong demand relative to the wider bond market, green bonds have shown comparatively strong resilience durin
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