China Needs New Clean Tech Investments After Wind and Solar Boom [Yahoo! Finance]
HONG KONG&CHINA GAS S/ADR (HOKCY)
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Source: Yahoo! Finance
Most Read from Bloomberg Riyadh Metro Partially Opens in Bid to Ease City's Traffic Jams As Wars Rage, Cities Face a Dark New Era of Urban Destruction Huge funding for renewables and electric vehicles has already put the country on the cusp of peaking emissions years before its own 2030 target. But that's also left supply chains saturated, squeezing company profits and raising international trade tensions. Companies need to shift their spending away from those now-mature technologies toward areas that still need to scale up and lower costs, said Alan Chan, chief investment officer for the Hong Kong & China Gas Co. His company is focusing on sustainable aviation fuel using biofuels to decarbonize a difficult-to-abate sector. “We need more capital to go to unmet demand instead of going to hot spots that are already fully invested,” he said during a panel discussion at the event on Tuesday. “We still need to fill that gap.” The surge in renewables has also created imbalance
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