As the fallout of the Mideast war continues to impact oil and gas markets, China’s problem of excess capacity in low-carbon manufacturing — known locally as “involution” — could be flipped into an opportunity, experts say. Across much of the world, interest in clean technologies such as solar panels, batteries and electric vehicles (EVs) has soared — for reasons of energy security, cost or both. Beijing had been grappling with overcapacity in these sectors, but these same industries now face the prospect of increased demand from overseas markets. While it is too early to predict the scale or duration, early data shows a bump in exports — offering a boost to China’s enormous but overcrowded cleantech sectors, at least in the short term.

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