In 2023, Russia leads in fossil fuel support, showing minimal increases, while Azerbaijan and the US saw moderate support growth. Notably, Mexico observed a significant surge, with support more than doubling. Conversely, Poland experienced complete withdrawal of support, and reductions were evident in Spain, Germany, and Argentina. Among the increases, Indonesia and the UK demonstrated notable growth, whereas Japan and Canada remained relatively stable with slight declines.
Future trends in global fossil fuel production support may pivot towards greater reductions as countries increasingly focus on sustainable energy solutions. However, political and economic factors will heavily influence this shift, potentially leading to regional disparities in support levels.
Top countries in Fossil Fuel Production Support by Country
| # | 10 Countries | Percent of Fossil Fuel Support | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 98.66 | 2023 | +0.72% | +0.34% | View data |
| 2 | 2 Azerbaijan | 79.82 | 2023 | +31.63% | +4.8% | View data |
| 3 | 3 Canada | 49.73 | 2023 | +9.54% | -0.024% | View data |
| 4 | 4 Indonesia | 48.99 | 2023 | +8.48% | +11.35% | View data |
| 5 | 5 United States | 43.71 | 2023 | +7.74% | +4.04% | View data |
| 6 | 6 Mexico | 40.74 | 2023 | +8.18% | +121.16% | View data |
| 7 | 7 Japan | 36.25 | 2023 | +5.44% | -0.039% | View data |
| 8 | 8 Germany | 35.1 | 2023 | -1.57% | -0.93% | View data |
| 9 | 9 Argentina | 34.7 | 2023 | -0.63% | -5.23% | View data |
| 10 | 10 United Kingdom | 31.37 | 2023 | +6.12% | +7.78% | View data |
