The 2023 data shows that India leads in residential fossil fuel support at 5.44 billion USD, significantly higher than the second-ranking United States at 3.03 billion USD. Despite a decline of 2.98%, India remains at the forefront. China showed significant growth of 17.78%, reflecting its dynamic energy policy shifts. South Africa and Australia also reported increases at 8.09% and 6.99%, respectively. Conversely, Azerbaijan and Colombia experienced substantial declines of 14.44% and 9.58%. Notably, Italy and Argentina saw notable enhancements of 5.28% and 7.68%, implying strategic energy transitions.
Future trends to watch include potential increases in renewable energy support across developed and emerging economies, influencing the global total support on fossil fuels. Additionally, geopolitical factors, evolving climate policies, and technological advancements may further drive variabilities in fossil fuel support allocations, particularly in regions undergoing rapid energy transitions.
Top countries in Total Support on All Fossil Fuels for Residential by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 5,440 | 2023 | +18.28% | -2.98% | View data |
| 2 | 2 United States | 3,030 | 2023 | -2.43% | -0.89% | View data |
| 3 | 3 Italy | 2,550 | 2023 | +4.69% | +5.28% | View data |
| 4 | 4 Ukraine | 2,280 | 2023 | +10.04% | -0.14% | View data |
| 5 | 5 China | 1,980 | 2023 | +20.19% | +17.78% | View data |
| 6 | 6 Belgium | 1,780 | 2023 | +0.37% | -1.1% | View data |
| 7 | 7 South Africa | 1,470 | 2023 | +4.64% | +8.09% | View data |
| 8 | 8 Australia | 1,110 | 2023 | -0.8% | +6.99% | View data |
| 9 | 9 Greece | 1,060 | 2023 | +2.36% | +3.03% | View data |
| 10 | 10 Argentina | 507.16 | 2023 | +15.88% | +7.68% | View data |
