Forecast: Tax Expenditure on All Fossil Fuels for All Beneficiaries or Sectors in France

The forecast for tax expenditure on fossil fuels in France indicates a consistent upward trend starting from $11.67 billion in 2024, reaching $13.8 billion by 2028. This growth represents a year-on-year increase of approximately 4.63% from 2024 to 2028. The expenditures are rising steadily, underscoring a 4.25% compound annual growth rate (CAGR) over the forecasted five-year period.

Future trends to watch for include:

  • Policies incentivizing renewable energy, potentially affecting fossil fuel subsidies.
  • Economic shifts or regulatory changes in the European energy market, which might alter tax expenditure allocations.
  • Technological advancements improving energy efficiency, thus impacting fossil fuel demand.

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