Forecast: Total Support on All Fossil Fuels for Fossil Fuel Production in the UK

In 2023, total support for fossil fuel production in the UK was at 7.53 billion US dollars. The forecasted data from 2024 to 2028 shows a gradual increase, with an average year-on-year growth of approximately 2.53%. Over the five-year period, the compound annual growth rate (CAGR) stands at roughly 2.87%.

Future trends to watch for include:

  • Potential policy changes as the UK transitions towards sustainable energy sources.
  • Technological advancements that may reduce the reliance on fossil fuel support.
  • Market dynamics, especially global oil and gas prices, affecting future support levels.

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