In 2023, the support for coal in the residential sector in China stood at a point from which we observe a clear upward trend in the forecasted years. From 2024 to 2028, we see a consistent year-on-year increase in support, with values rising from $87.14 million to $113.18 million. This represents a compound annual growth rate (CAGR) that demonstrates steady growth over these years.

Future trends to watch include:

Possible shifts towards cleaner energy subsidies as global pressure for decarbonization increases.
Impact of domestic policies aimed at reducing pollution on coal support dynamics.
Fluctuations in global coal prices that may alter the forecasted support levels.