In 2023, Poland led in total support for coal-related general services with $1.53 billion, followed by China at $1.05 billion. The United Kingdom saw a dramatic increase of 225.59% from the previous year, indicating significant policy changes or increased investment. China also saw a substantial increase of 10.92%, whereas Poland, Australia, and several other countries experienced declines. France's support increased by 43.72%, likely reflecting shifts in energy policy. Over the last five years, the compound average growth rate (CAGR) highlights varied trends with emerging economies like Indonesia showing potential for growth, while traditional markets like Germany decline.
Looking ahead, watch for:
- Shifts in energy policy influenced by climate commitments.
- Potential regulatory changes impacting coal industry support.
- Advancements in alternative energy sources reducing coal's appeal.
- Economic developments in emerging markets may influence global support patterns.
Top countries in Total Support on Coal for General Services by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 1,530 | 2023 | +7.96% | -5.74% | View data |
| 2 | 2 China | 1,050 | 2023 | +12.53% | +10.92% | View data |
| 3 | 3 United Kingdom | 974.37 | 2023 | +32.7% | +225.59% | View data |
| 4 | 4 Germany | 428.69 | 2023 | -1.39% | -1.74% | View data |
| 5 | 5 South Korea | 85.67 | 2023 | -4.33% | -1.12% | View data |
| 6 | 6 South Africa | 60.55 | 2023 | +0.69% | +5.42% | View data |
| 7 | 7 Hungary | 33.53 | 2023 | -6.26% | -4.18% | View data |
| 8 | 8 Colombia | 20.78 | 2023 | -4.67% | -2.97% | View data |
| 9 | 9 Japan | 20.73 | 2023 | -0.38% | +2.87% | View data |
| 10 | 10 Indonesia | 9.98 | 2023 | +1.68% | +5.44% | View data |
