In 2023, Germany led global coal support at $25.86 million, despite a 4.79% contraction. China and Indonesia, growing at 11.56% and 17.01% respectively, surpassed others, aligning with strengthening coal sectors. The United Kingdom, with a 20.72% spike, marked notable European growth, while Poland saw a decline. Portugal's support increased significantly, as did that of Mexico, albeit from a low base. Conversely, Sweden's support plummeted by 49.16%, and Brazil experienced a decline of 10.62%.
Future trends indicate a shift towards cleaner energy sources, reducing coal support globally. However, economic dynamics and energy security considerations could uphold coal investments, especially in developing nations and regions with substantial coal dependence.
Top countries in Total Support on Coal for All Beneficiaries or Sectors Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.86 | 2023 | -4.9% | -4.79% | View data |
| 2 | 2 China | 18.25 | 2023 | +9.58% | +11.56% | View data |
| 3 | 3 Indonesia | 14.67 | 2023 | +2.37% | +17.01% | View data |
| 4 | 4 United Kingdom | 13.71 | 2023 | +10.88% | +20.72% | View data |
| 5 | 5 Poland | 11.87 | 2023 | +4.58% | -5.44% | View data |
| 6 | 6 South Africa | 6.87 | 2023 | +5.37% | +7.59% | View data |
| 7 | 7 Italy | 3.03 | 2023 | +9.81% | +5.85% | View data |
| 8 | 8 Finland | 2.8 | 2023 | +7.54% | +1.94% | View data |
| 9 | 9 France | 2.56 | 2023 | +7.38% | +4.24% | View data |
| 10 | 10 Greece | 2.18 | 2023 | -1.66% | -2.91% | View data |
