In 2023, the highest global tax expenditure on coal for electricity generation relative to GDP was observed in Finland (0.13), followed by Slovakia (0.082), and the Czech Republic (0.008). Sweden marked a significant reduction of 100%, ceasing expenditure. Hungary, Brazil, and the Czech Republic observed notable declines, while France experienced a 14.87% increase. The five-year CAGR indicates variance, highlighting the fluctuating nature of this expenditure in different nations.
Future trends to monitor include:
- Shifts in energy policies affecting coal subsidies, especially in Europe, accelerating the transition to renewables.
- Impact of global climate agreements on tax policies and coal dependence.
- Technological advancements in renewable energy and their influence on coal tax expenditure.
Top countries in Tax Expenditure on Coal for Electricity Generation by Country
| # | 7 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 0.13 | 2023 | +3.28% | +0.65% | View data |
| 2 | 2 Slovakia | 0.082 | 2023 | +3.8% | +1.01% | View data |
| 3 | 3 Czech Republic | 0.008 | 2023 | -11.11% | -9.25% | View data |
| 4 | 4 Hungary | 0.004 | 2023 | -20% | -12.94% | View data |
| 5 | 5 Brazil | 0.003 | 2023 | 0% | -9.71% | View data |
| 6 | 6 France | 0.002 | 2023 | +100% | +14.87% | View data |
| 7 | 7 Sweden | 0.001 | 2023 | -100% | -100% | View data |
