In 2023, China's total support for coal was valued at 2.6 billion US dollars. Looking at the forecast from 2024 through 2028, there is a consistent annual increase in support, from 2.74 billion in 2024 to 3.32 billion by 2028. This indicates a year-on-year growth of approximately 5% to 6%. Over the five-year period projected here, the compound annual growth rate (CAGR) is about 5.2%, reflecting a stable upward trend.
Future trends to watch for include:
- Potential policy shifts in China's energy strategy as the government stresses environmental concerns and renewable energy sources.
- Global market fluctuations that may affect coal prices and, consequently, the level of financial support.
- Technological advancements that could improve coal efficiency and reduce the environmental impact, potentially increasing or decreasing support depending on policy direction.