Hong Kong Offers $1.3 Billion to Replace Polluting Vehicles
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Hong Kong plans to offer HK$10 billion ($1.3 billion) in subsidies to replace old diesel vehicles and limit their life-span to battle smog that’s responsible for more than 3,000 premature deaths a year.
The proposal seeks to cut particulates emissions by 80 percent and nitrogen oxides by 30 percent, Chief Executive Leung Chun-ying said today in his first policy speech since taking over on July 1. Leung also proposed to set a service limit for new diesel commercial vehicles at 15 years.