The forecast for tax expenditure on all fossil fuels for general services in Italy from 2024 onwards shows a steady decline. Starting at 51.98 million USD in 2024, it reduces consistently each year, reaching 50.09 million USD by 2028. Notably, this represents a continuous year-on-year decrease of approximately 0.9% to 1.0%. Assuming a static comparison point, in 2023, the value would likely have been higher, continuing the trend of prior years.
For future trends, several factors could influence this decline:
- Shifts towards sustainable energy sources due to environmental policies.
- Technological advancements in renewable energy efficiency.
- Changes in international fossil fuel prices impacting imports.
- Possible political or fiscal policy adjustments affecting tax structures.
