In 2023, China's total support for all fossil fuels stood at approximately 28.74 billion USD. Forecast data shows a steady growth trend from 2024 to 2028, with values gradually increasing from 28.95 billion USD in 2024 to 29.79 billion USD by 2028. The year-on-year growth rate is mild, reflecting a stable increment each year, averaging a CAGR of around 0.91% over the five-year period. This pattern indicates a balanced approach towards fossil fuel support.
Future trends to watch include potential policy shifts towards renewable energy, geopolitical developments affecting energy markets, and technological advancements in energy efficiency. Monitoring China's regulatory landscape and global energy agreements will be crucial.
