As of 2023, Argentina leads in direct transfer value for fossil fuels used in electricity generation among the analyzed countries, totaling $4.13 billion. Notable year-on-year increases in 2023 were seen in Germany and South Africa, both exceeding an 8% rise, while significant declines occurred in Ireland and Belarus, with drops over 30%. Over the last five years, the average annual growth rate (CAGR) differs across countries, driven by environmental policies, renewable energy adoption, and economic conditions.
Looking to the future, the emphasis will likely shift towards reducing reliance on fossil fuels for electricity generation, driven by global decarbonization goals. This trend will prompt diversified investment in renewable energy and efficiency technologies, affecting direct transfers in the long term. Key watchpoints include policy shifts, technological advancements, and geopolitical factors affecting fossil fuel markets.
Top countries in Direct Transfer on All Fossil Fuels for Electricity Generation by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Argentina | 4,130 | 2023 | +7.63% | +6.07% | View data |
| 2 | 2 Italy | 1,590 | 2023 | +11.36% | +5.2% | View data |
| 3 | 3 Brazil | 1,180 | 2023 | -3.4% | -4.57% | View data |
| 4 | 4 Greece | 1,140 | 2023 | +2.96% | +4.74% | View data |
| 5 | 5 Indonesia | 1,030 | 2023 | +4.46% | +5.9% | View data |
| 6 | 6 Germany | 408.15 | 2023 | +9.21% | +8.68% | View data |
| 7 | 7 China | 224.41 | 2023 | +6.55% | +6.47% | View data |
| 8 | 8 Slovakia | 152.29 | 2023 | +3.1% | +1.89% | View data |
| 9 | 9 Ukraine | 142.56 | 2023 | -8.6% | View data | |
| 10 | 10 Latvia | 58.17 | 2023 | +2.02% | -2.86% | View data |
