During the BloombergNEF Summit in Shanghai, executives stressed the importance of increasing investments in the next generation of clean energy technologies to propel China's sustainable development. While China's substantial investments in renewables and electric vehicles have propelled the country towards achieving emission reduction goals ahead of schedule, the overinvestment in these sectors has saturated supply chains, impacting companies' profitability and sparking international trade conflicts. Alan Chan Ying-lung, Chief Investment Officer at Hong Kong & China Gas Co., highlighted the necessity for companies to pivot their spending towards emerging technologies like sustainable aviation fuel, which utilizes biofuels to decarbonize challenging sectors. This shift in focus aims to address unmet market needs and drive innovation in critical areas. The rise of renewables has introduced grid imbalances, especially with excessive solar power generation during peak hours. This situation underscores the importance of diversifying energy sources to ensure grid stability, with hydrogen emerging as a promising solution to mitigate these challenges and foster a more sustainable energy landscape.