Illustration. A parking space in Hong Kong has sold for more than HK$10 million (about $1.3 million or £909,800) and is said to be the most expensive parking space ever sold. The world’s most expensive parking space is located in a super luxury development in Hong Kong overlooking the city’s harbour. It is the luxury project Mount Nicholson in the affluent ‘The Peak’ area of ​​Hong Kong. The building’s parking lot was once dubbed ‘Asia’s most expensive address’ overlooking Victoria Harbour. According to the Daily Mail, this project was once dubbed ‘Asia’s most expensive address’ and if this is the price we are seeing for parking, I think we can all understand why. The South China Morning Post compiled the numbers and reported that the price of a car parking space here costs $1.3 million (about VND 30 billion). “This is definitely the most expensive car parking spot in Hong Kong,” William Lau, business director of Centaline Property Agency, told the South China Morning Post. He continued to share, the amount buyers pay for the parking space is quite small compared to what they pay for the apartment. Lau added: “What concerns them most is that they need the space to park their car, not the money. They bought it for their own use, not as an investment.” According to Insider, the sale broke the world record for the most expensive parking space, with the last one also set in Hong Kong in 2019 belonging to a bay location selling for $979,000 (about 22 USD). , 5 billion dong). It’s a parking space in the basement of one of Hong Kong’s 73-story skyscrapers, called ‘The Centre’. Earlier this year, the UK’s most expensive car park sold for £350,000 ($496,000). The 3 meter by 6 meter site in London’s posh Knightsbridge area features a long-term lease for daily parking and CCTV. The space is located in the SW7 area less than a mile from South Kensington Station, Knightsbridge Station and Gloucester Road Station. According to the Global Cost of Living Survey (WCOL) 2020 by the Economist Intelligence Unit research group of the prestigious economic magazine The Economist, Hong Kong along with the capital Paris, France and Zurich, Switzerland, are the cities most expensive in the world.

Emissions from a factory in Scunthorpe, UK. Photo: AFP/VNA The UK’s Emissions Trading Scheme officially became operational two weeks ago, replacing the UK’s participation in the EU’s common system. The UK government has announced that the new CO2 trading scheme will make a significant contribution to achieving the goal of being CO2 neutral by 2050. British Prime Minister Boris Johnson also plans to reduce emissions by 78%. pollutant emissions by 2035 compared to 1990 levels. UK prices start at around £50 ($71) per tonne of CO2, slightly higher than European prices. Meanwhile, the average selling price in the world’s third largest market, California (USA) is about 20 USD/ton. Observers say the supply of CO2 credits is dwindling in the UK to meet the Government’s environmental targets. Therefore, CO2 prices in this market are expected to continue to rise. According to Tim Atkinson, director of sales and brokerage at CF Partners, CO2 trading is one of the cornerstones of climate change policy. He considers this the most important tool to cut emissions in the power sector and heavy industries. For example, the UK has largely phased out the use of coal, largely because CO2 quotas make it too expensive to produce electricity this way. Meanwhile, other tools such as subsidies have fueled the boom of wind farms in the country. The efforts come as the UK, host of the G7 summit this month, is urging the world’s richest nations to facilitate for the “green” global economic recovery after the COVID-19 pandemic. London will also host the United Nations climate summit (COP26) in Glasgow in November.