In 2023, direct transfers to fossil fuel producers in China amounted to 3.89 billion USD in constant 2020 terms. The forecast from 2024 to 2028 shows a steady increase, with values rising incrementally each year, starting from 4.07 billion USD in 2024 and reaching 4.76 billion USD by 2028. This indicates a stable year-on-year growth trend of approximately 4.27% on average. Over the forecasted period, the compound annual growth rate (CAGR) is anticipated to be roughly 4.16%.
Future trends to watch for include:
- Shifts in China's energy policies, aiming for carbon neutrality could impact subsidies significantly.
- Potential global economic shifts and energy price volatility that might affect investment patterns.
- Technology advancements and their role in reducing reliance on fossil fuels, possibly reshaping financial support strategies.