In 2023, Italy's direct transfer on fossil fuels for all beneficiaries or sectors was valued at 2.01 billion USD. The forecast for 2024 suggests a value of 2.07 billion USD, indicating a modest increase. The year-on-year growth is projected to continue with values reaching 2.42 billion USD by 2028, showcasing consistent incremental growth. The compound annual growth rate (CAGR) across these years is approximately 3.27%, signifying steady expansion in fossil fuel transfers.
Future trends to watch for include shifts in policy towards renewable energy, fluctuations in global fuel prices, and Italy’s commitments to reduce carbon emissions which may influence the allocation and amount of direct transfers on fossil fuels.
