In 2023, fossil fuel general services support in China is estimated to have stood lower than projected figures for 2024, kickstarting a consistent upward trend. From 2024 to 2028, the annual growth rate in support is forecasted to exhibit a steady increase from 4.65 to 5.92. The year-on-year percentage increase from 2024 to 2025 is approximately 6.88%, followed by incremental rises to 2028, with a compound annual growth rate (CAGR) projected to show moderate, yet progressive growth.
Future trends to watch include potential policy changes in China aimed at reducing dependency on fossil fuels, which may alter support levels. Technological advancements in renewable energies might also impact the fossil fuel support dynamics.
