On May 19, the Hong Kong Unity Fund released a research report titled "Breaking Through Pilot Hong Kong Hydrogen Development Strategy," exploring the strategic significance of Hong Kong's hydrogen development and how to leverage its own advantages to develop high value-added services. The report points out that energy supply has become a major issue concerning economic lifelines and overall development security. The national "15th Five-Year Plan" clearly identifies industries such as hydrogen energy as key areas of future development and new economic growth points. Hydrogen energy, as a relatively clean energy source, can assist Hong Kong in achieving its carbon neutrality goals by 2050. At the same time, the development of hydrogen energy has economic benefits, helping to build a local hydrogen energy industry ecosystem and drive the development of upstream and downstream supply chains and service industries, including transportation, testing, and certification. In terms of applications, it is recommended to build hydrogen refueling stations in areas with concentrated heavy vehicle traffic; it is recommended to prioritize the establishment of hydrogen refueling stations in hub areas with high densities of heavy vehicles, such as container terminals, industrial villages, and airports; to encourage the construction of hydrogen facilities in new areas through policy incentives; to include "providing new energy facilities" as an evaluation criterion in relevant land or operational bidding, giving additional scoring to bidders planning to add hydrogen facilities; to expand the scope of the "New Energy Transport Fund" subsidies. Currently, the "New Energy Transport Fund" already covers some subsidies for hydrogen transportation applications. To further improve the support system, it is recommended to optimize the fund, expanding the scope of subsidies from the purchase of hydrogen heavy-duty vehicles, hydrogen fuel, and the construction of refueling stations to cover vehicle maintenance, component replacement, and other operational costs. In addition, it is recommended to extend the period of hydrogen fuel subsidies from the current two years to four to five years, with the subsidy ceiling raised from 600,000 to 1.2 million yuan. In terms of services, cultivating local hydrogen quality testing capabilities is recommended, as hydrogen equipment and hydrogen gas (usually requiring a purity of 99.97%) need to undergo strict periodic testing, but Hong Kong currently lacks dedicated hydrogen testing facilities. The Hong Kong government may consider establishing a "Hydrogen Purity Testing Center" and a "Hydrogen Equipment Testing Center" on the basis of existing testing and certification institutions in Xin Tian, Ho Tat, or existing ones, covering fuel cells, high-pressure containers, detectors, etc. If these local laboratories are internationally accredited, with Hong Kong's international credibility advantage, they can attract mainland and Asian enterprises to Hong Kong for testing and certification gradually forming a "green new energy testing service industry" in Hong Kong. In terms of supply, comprehensively lay out a diversified hydrogen supply network, it is recommended that Hong Kong should expand the hydrogen supply network in phases; prioritize locations with high hydrogen demand, and reduce the need for long-distance road transportation of high-pressure hydrogen by extracting hydrogen through existing pipelines. In terms of medium- to long-term planning, Hong Kong should conduct research on the receiving, storage, distribution, vaporization processes related to liquid hydrogen, as well as safety guidelines for hydrogen stations, to help reduce the cost of long-distance and large-scale transportation. At the same time, efforts should be made to actively explore solid hydrogen technology and the development potential of producing hydrogen from local landfill gas to broaden the sources of hydrogen. In terms of governance, strengthen interdepartmental coordination, the report recommends the establishment of an "Energy Supervision Committee" led by the Chief Secretary for Administration or the Under Secretary for Environment in Hong Kong. This committee will be responsible for formulating short, medium, and long-term energy plans, supervising the implementation and commercialization of new energy projects through high-level cross-agency and cross-departmental meetings, and actively coordinating with the national macro energy and industrial development deployments. At the same time, it is recommended to establish a permanent "Energy Office" under the Hong Kong Environmental and Ecology Bureau as the secretariat and executive core of the committee. Lee Hok Yin, Climate Change Commissioner of the Hong Kong Environmental Protection and Ecology Bureau, emphasized that hydrogen energy is the key to achieving carbon neutrality in Hong Kong. The Hong Kong government is actively implementing the "Hong Kong Hydrogen Development Strategy," making breakthroughs in regulations and market applications, including successful trials such as hydrogen buses, public refueling stations, and powering the Asian Games events. The Hong Kong government is actively preparing to align with internationally recognized green hydrogen certification systems and leveraging Hong Kong's international financial center advantage to drive financing for green hydrogen energy. This green energy revolution requires deepened cooperation from all sectors of society to break through development bottlenecks and inject the strongest driving force for Hong Kong to move towards carbon neutrality. Li Chengyi, President of the Unity Hong Kong Fund, stated that Hong Kong should seize the opportunities in emerging industries, establishing a unique and indispensable position in the national hydrogen macro development strategy. In the process of the country's move towards carbon neutrality, Hong Kong should proactively leverage its unique advantages in international finance, standard-setting, professional services, and demonstration of high-density urban applications. Alfred Shui, Vice President and Executive Director of the Public Policy Research Institute of the Unity Hong Kong Fund, pointed out that the report advocates leveraging Hong Kong's local advantages to expand existing "gas pipeline hydrogen extraction" and local hydrogen production from garbage methane, to reduce cross-border land transportation costs. In the medium to long term, as Hong Kong's demand for hydrogen energy grows, research can be conducted on diverse storage and transportation supply modes such as liquid hydrogen and solid hydrogen. Xiao Yiju, Director of Green and Sustainable Development Research at the Unity Hong Kong Fund, states that the authorities should implement green hydrogen standards and certification systems, enhance local hydrogen quality testing and verification capabilities, and establish a registration system for hydrogen energy professionals and contractors. As Hong Kong introduces more diverse green energy sources, the above-mentioned professional infrastructure will help create a local "green new energy testing service industry."