The analysis of 2023 data reveals that Poland and Germany continue to dominate the European solid fossil fuels gross electricity production share, although experiencing declines of 2.59% and 13.53%, respectively. While most countries show a downtrend, Kosovo, Macedonia, Ireland, and Croatia buck this trend with minor increases. Significant reductions were observed in Spain, Italy, and Denmark, reflecting a general European shift towards sustainable alternatives. Latvia experienced the steepest decline, highlighting this trend.
Looking ahead, the transition towards renewable energy sources is expected to accelerate with policy shifts and technological advancements. Monitoring the impact of these variables on traditional fossil fuel markets will be critical as Europe pushes for decarbonization and energy independence.
Top countries in Solid Fossil Fuels Gross Electricity Production Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 25.19 | 2023 | -1.86% | -2.59% | View data |
| 2 | 2 Germany | 24.27 | 2023 | -20.5% | -13.53% | View data |
| 3 | 3 Czech Republic | 8.24 | 2023 | +2.97% | -1.88% | View data |
| 4 | 4 Ukraine | 7.79 | 2023 | -5.38% | -5.8% | View data |
| 5 | 5 Serbia | 5.34 | 2023 | -1.38% | -0.6% | View data |
| 6 | 6 Netherlands | 3.96 | 2023 | +12.2% | -8.58% | View data |
| 7 | 7 Bulgaria | 3.94 | 2023 | +4.27% | -0.83% | View data |
| 8 | 8 Spain | 3.05 | 2023 | -1.94% | -17.95% | View data |
| 9 | 9 Romania | 2.91 | 2023 | +5.12% | -3.29% | View data |
| 10 | 10 Bosnia and Herzegovina | 2.59 | 2023 | +0.15% | -1.09% | View data |
