As of 2024, China is projected to steadily decrease its support for fossil fuels, measured as a percentage of GDP, from 0.13% in 2024 to 0.049% in 2028. Over the five-year period, the compound annual growth rate (CAGR) represents a consistent reduction in support. This trend indicates a strong governmental push towards alternative energy sources and a commitment to reducing dependency on fossil fuels.
Future trends to watch for include:
- Potential policies enhancing renewable energy investments.
- Shifts in global energy prices potentially affecting subsidies.
- Regulatory changes impacting coal and oil industries.
