How Hong Kong can distinguish itself as a climate finance hub
The city should lead by directing capital to projects that modernise grids, electrify transport and accelerate green supply chains
For decades, New York and London have defined the flow of global capital. But while markets still chase short-term returns in US equities, the next great wave of productive investment is taking shape in East Asia, led by China’s financing, manufacturing and export of the clean technologies that are remaking the global economy.
China is already deploying renewables, grid infrastructure and storage at a speed and scale unseen anywhere else, and can produce almost a terawatt of new renewable-energy capacity each year, enough to replace more than 300 nuclear power plants. In 2024 alone, clean-energy industries, including solar, wind, batteries, grids and electric mobility, accounted for more than 10 per cent of China’s gross domestic product.