In 2023, government budget appropriations or outlays for R&D in the environment in Italy stood at 2.59 billion USD (PPP, Constant). Forecast data for 2024 through 2028 predict a consistent decrease, culminating in a value of 1.18 billion USD in 2028.
- Year-on-year variations indicate: a 12.7% decrease in 2025, a 13.9% decline in 2026, a 16.2% fall in 2027, and an 18.6% decrease in 2028.
- The compounded annual growth rate (CAGR) from 2024 to 2028 demonstrates an average decline of 12.75% annually.
Future trends to watch for include governmental policy shifts regarding environmental priorities and potential increases in renewable energy and sustainability initiatives, which could influence the budget allocations for R&D in the environment moving forward.
