The forecast for total support on all fossil fuels for residential use in Italy indicates a gradual increase from 2024 to 2028. In 2023, actual support stood at $2.54 billion. From 2024 to 2028, the forecast shows a steady rise, marking annual increases of approximately 4.1% year-on-year and a compound annual growth rate (CAGR) of 4.3% over the five-year period.
Future trends to watch for include:
- Potential policy changes aimed at reducing fossil fuel reliance and increasing renewable energy support.
- Global economic factors that may impact fossil fuel costs and thus influence government support.
- Technological advancements that could drive shifts in energy consumption patterns in the residential sector.