In 2023, global total support for fossil fuel production varied significantly by country, with Russia, India, and Mexico leading in contributions. Mexico showed a remarkable year-on-year increase of 142.52%, while countries like Brazil and South Korea experienced declines. The United States notably marked a negative support value.
Over the past five years, the compound annual growth rate highlights varied trajectories across countries. Fast-growing economies such as India and Indonesia show positive trends, whereas others like Brazil and South Korea are witnessing declines in support.
Future trends suggest a potential shift as nations re-evaluate energy strategies in response to global climate initiatives and economic pressures. Monitoring investments in renewable energy and regulatory changes will be crucial in understanding the evolving landscape.
Top countries in Total Support on Petroleum for Fossil Fuel Production by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 14,090 | 2023 | +13.99% | -1.33% | View data |
| 2 | 2 India | 9,110 | 2023 | +6.8% | +6.71% | View data |
| 3 | 3 Mexico | 6,490 | 2023 | +18.74% | +142.52% | View data |
| 4 | 4 United Kingdom | 3,470 | 2023 | +7.07% | +13.39% | View data |
| 5 | 5 China | 2,050 | 2023 | -2.6% | +2.34% | View data |
| 6 | 6 Japan | 2,000 | 2023 | +1.25% | +4.95% | View data |
| 7 | 7 Brazil | 684.43 | 2023 | -29.18% | -19% | View data |
| 8 | 8 Canada | 445.53 | 2023 | -6.03% | -2.2% | View data |
| 9 | 9 Indonesia | 442.4 | 2023 | +2.61% | +27.96% | View data |
| 10 | 10 Colombia | 280.2 | 2023 | +1.51% | +1.32% | View data |
