The forecasted total support on coal for fossil fuel production in the UK shows a steady increase from 2024 to 2028, with values rising from $1.51 billion to $1.8 billion. The year-on-year growth percentages are 4.2% from 2024 to 2025, 5.1% from 2025 to 2026, 4.2% from 2026 to 2027, and 4.0% from 2027 to 2028. The compound annual growth rate over this period is expected to be approximately 4.37%.
Future trends to watch include:
- Monitoring policy changes related to renewable energy which may impact coal support.
- Economic factors that could affect energy demand and investment in coal.
- Technological advancements that may alter the cost-effectiveness of coal production.
