In 2023, support for coal in electricity generation stood at a figure not explicitly stated, setting the baseline for the forecasted data. From 2024 to 2028, the forecasted support slightly declines from 94.5 to 94.37 million US dollars, showcasing a negative trend. There is a year-on-year decrease in support, reflecting a minimal reduction of 0.05% annually. The 5-year Compound Annual Growth Rate (CAGR) highlights this continual downturn.
Future trends to watch include:
- Shifts in energy policies that might further reduce coal support.
- Growth in renewable energy investments impacting coal funding.
- Technological advancements improving energy efficiency.
