The forecasted total support on coal in the UK from 2024 to 2028 shows a consistent annual increase, starting at $2.05 billion in 2024 and rising to $2.4 billion by 2028, based on values from 2020. In 2023, actual support was $1.96 billion, indicating a 4.59% annual growth in 2024. The year-on-year percentage increases from 2024 to 2028 are approximately 4.39% annually, slightly accelerating the trend seen in 2023. The compound annual growth rate (CAGR) for the forecast period is 3.82%, indicating a stable but moderate growth trajectory for the coal sector support.

Future trends to watch include:

Increasing focus on renewable energy, potentially impacting coal support levels.
Policy shifts related to climate goals, possibly influencing coal industry subsidies.
Economic conditions that could affect energy sector investments and strategies.