In 2023, Germany led in Global Total Support for Coal for consumers with $21.44 million, despite experiencing a significant decline of 10.08% from the previous year. Indonesia and South Africa showed growth, with increases of 4.85% and 5.19% respectively, while the UK saw a modest rise. Contrastingly, Brazil and Ireland experienced notable reductions in support, decreasing by 14.08% and 12.61% respectively. China's financial commitment to coal support increased by 9.1%, indicating an upward trend. Meanwhile, Mexico had an extraordinary increase of 214.36%, albeit from a low base.
Future trends to watch include:
- An increased focus on renewable energy may reduce support for coal.
- The impact of economic and policy shifts on coal's global role.
- Developing nations may still see some growth in coal support as they balance industrial needs.
Top countries in Total Support on Coal for Consumers Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21.44 | 2023 | -7.93% | -10.08% | View data |
| 2 | 2 Indonesia | 14.29 | 2023 | +3.57% | +4.85% | View data |
| 3 | 3 South Africa | 13.41 | 2023 | +4.84% | +5.19% | View data |
| 4 | 4 United Kingdom | 12.16 | 2023 | +7.46% | +2.94% | View data |
| 5 | 5 Italy | 6.03 | 2023 | +4.06% | -0.4% | View data |
| 6 | 6 Finland | 5.39 | 2023 | +4.14% | +0.71% | View data |
| 7 | 7 China | 4.93 | 2023 | +5.88% | +9.1% | View data |
| 8 | 8 Portugal | 3.85 | 2023 | +8.86% | +9.76% | View data |
| 9 | 9 Greece | 3.73 | 2023 | -7.46% | -7.22% | View data |
| 10 | 10 Slovakia | 3.01 | 2023 | +0.43% | -1.28% | View data |
