In 2023, the value of Fossil Fuel Support for coal in the UK stood at 7.92. The forecast indicates a gradual increase over the next five years, with values climbing slightly from 7.95 in 2024 to 8.03 by 2028. The year-on-year growth rates from 2024 to 2028 show a consistent, albeit minimal, rise, emphasizing steady support.
Future trends to watch for include:
- Policy shifts towards renewable energy may impact coal support levels.
- Technological advancements in energy production could alter cost structures.
- Global economic conditions affecting fossil fuel demand and prices.
- Potential legislative changes concerning carbon emissions and environmental goals.
