In 2023, China's support for coal stood highest at $2.26 billion with a 12.02% increase, indicating robust investment. The UK's investment rose by 39.37%, highlighting a renewed focus on coal. Indonesia saw remarkable growth at 154.25%, while Poland and Germany witnessed slight declines. South Korea and Argentina posted moderate growth, whereas declines were noted in India and Belarus. Canada's support increased by 13.5%, showcasing a shift in energy strategy.
Future trends to watch include increased investment in cleaner technology by developed nations, variability in funding due to policy changes, and a potential shift towards renewable energies, impacting future coal support dynamics.
Top countries in Total Support on Coal for Fossil Fuel Production by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,260 | 2023 | +10.41% | +12.02% | View data |
| 2 | 2 Poland | 1,780 | 2023 | +7.25% | -3.77% | View data |
| 3 | 3 Germany | 1,610 | 2023 | -3.11% | -0.054% | View data |
| 4 | 4 United Kingdom | 1,500 | 2023 | +12.47% | +39.37% | View data |
| 5 | 5 Indonesia | 803.3 | 2023 | +1.7% | +154.25% | View data |
| 6 | 6 South Korea | 118.72 | 2023 | -2% | +2.05% | View data |
| 7 | 7 India | 89.59 | 2023 | +2.31% | -1.74% | View data |
| 8 | 8 Argentina | 84.34 | 2023 | -6.07% | +3.51% | View data |
| 9 | 9 Russia | 77.07 | 2023 | +6.93% | +1.49% | View data |
| 10 | 10 Hungary | 38.18 | 2023 | -3.78% | -1.08% | View data |
