As of 2024, France's tax expenditure on fossil fuels is forecasted to be 11.2 billion USD, maintaining an upward trajectory since previous years. From 2023 to 2024, the forecasted expenditure increased at a year-on-year rate of around 4.6%. Between 2024 and 2028, there's a consistent yearly growth averaging around 2.9%, illustrating a rising trend driven by inflationary pressures and regulatory shifts towards environmental policies.
Future trends to watch for include potential policy changes towards renewable energy subsidies, which may impact fossil fuel tax expenditure. Additionally, shifts in global energy prices and domestic consumption patterns could alter these forecasts significantly.
