In 2023, the total support for fossil fuels in China was estimated at 1.13 billion USD. Forecasted values indicate a steady increase each year thereafter, starting at 1.2 billion USD in 2024 and reaching 1.49 billion USD by 2028. Year-on-year percentage increases indicate growth of approximately 5.8% annually.
Future trends to watch for include:
- Potential government policy changes aimed at reducing fossil fuel reliance.
- The impact of global energy market fluctuations on fossil fuel support.
- Technological advancements in renewable energy potentially reducing fossil fuel support needs.