In 2023, Germany led global tax expenditure on coal with $1.67 billion, while other countries like the UK and Poland followed with smaller figures. Key variations from 2022 included an 8.88% decrease for Germany and increases in the UK and France by 3.26% and 4.35% respectively. Mexico noted a significant year-on-year surge of 212.26%. Despite broader trends towards reducing coal reliance, several countries exhibit sustained or increased coal taxation expenditures, highlighting diverse national energy strategies.
Future trends to monitor include technological advancements in clean energy, potential policy changes towards renewable energy, and ongoing economic impacts of geopolitical tensions, all of which may reduce global dependency on coal and subsequently, tax expenditures on coal.
Top countries in Tax Expenditure on Coal for All Beneficiaries or Sectors by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,670 | 2023 | -7.33% | -8.88% | View data |
| 2 | 2 United Kingdom | 892.25 | 2023 | +9.02% | +3.26% | View data |
| 3 | 3 Poland | 864.63 | 2023 | +16.75% | -7.85% | View data |
| 4 | 4 United States | 609.7 | 2023 | -0.74% | -2.32% | View data |
| 5 | 5 Finland | 398.07 | 2023 | +7.5% | +1.92% | View data |
| 6 | 6 France | 366.54 | 2023 | +7.91% | +4.35% | View data |
| 7 | 7 Portugal | 279.46 | 2023 | +8.98% | +10.59% | View data |
| 8 | 8 Netherlands | 189.74 | 2023 | +8% | +12.1% | View data |
| 9 | 9 Ukraine | 186.48 | 2023 | +24.61% | +6.78% | View data |
| 10 | 10 Greece | 141.54 | 2023 | -4.17% | -5.99% | View data |
