Forecast: Total Support on Coal for All Beneficiaries or Sectors in China

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.

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