In 2023, the total support on coal for general services in China stood at approximately 1.07 billion US dollars, constant at 2020 levels. Forecast data indicates a gradual increase in this support from 2024 to 2028, with annual values reaching 1.47 billion US dollars by 2028. The year-on-year percentage increases are consistent at about 6.96%. The compound annual growth rate (CAGR) over the forecasted period is approximately 6.96%, indicating a steady rise in support.
Future trends to watch for include China's energy policy shifts towards renewables, which might impact coal support. Monitoring China's carbon neutrality objectives is crucial, as they could lead to policy changes, affecting coal dependency and support levels. Additionally, technological advancements in coal usage and global market dynamics will play pivotal roles in shaping future trends.
