In 2023, China's fossil fuel support stood at a certain baseline before experiencing a forecasted year-on-year growth starting in 2024, with an increase of 5.37% reaching 9.88. This upward trend is projected to continue, growing by 5.37% to reach 11.96 by 2028. Observing an average Compound Annual Growth Rate (CAGR) of 4.88% over this five-year period, this trend highlights increasing government support for coal.
Future trends to watch for include:
- Potential regulatory shifts towards renewable energy which may influence coal support.
- Economic stability which could affect energy consumption and policy adjustments.
- Global environmental pressures potentially altering China's energy policies.