The global support for coal in fossil fuel production shows significant discrepancies across countries in 2023. China leads with substantial support, followed by Poland and the United Kingdom, both showing a dynamic year-on-year growth of 11.68% and 39.13%, respectively, for the UK. Indonesia stands out with a dramatic increase of 159.69%, whereas countries like Spain and Belarus saw declines of 11.44% and 18.91%. Notably, France's increase at 43.72% and Finland's at 20.41% reflect shifts in strategic support.
Future trends to observe will revolve around renewable energy transitions. Nations may recalibrate support systems, potentially reducing coal dependency, influenced by environmental policies and market dynamics.
Top countries in Total Support on Coal for Fossil Fuel Production by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,280 | 2023 | +10.36% | +11.68% | View data |
| 2 | 2 Poland | 1,700 | 2023 | +7.01% | -4.65% | View data |
| 3 | 3 United Kingdom | 1,430 | 2023 | +11.26% | +39.13% | View data |
| 4 | 4 Indonesia | 904.33 | 2023 | +2.93% | +159.69% | View data |
| 5 | 5 Spain | 195.86 | 2023 | -8.81% | -11.44% | View data |
| 6 | 6 South Korea | 128.54 | 2023 | -0.79% | +2.29% | View data |
| 7 | 7 Argentina | 126.59 | 2023 | -2.76% | +8.29% | View data |
| 8 | 8 Russia | 76.19 | 2023 | +6.79% | -0.84% | View data |
| 9 | 9 Hungary | 33.53 | 2023 | -6.26% | -4.18% | View data |
| 10 | 10 Canada | 11.23 | 2023 | -10.45% | +9.67% | View data |
