In 2023, the value of fossil fuel support specifically relating to coal in South Korea stood at 14.79. Forecasts indicate a slight increase over the years, with values reaching 14.81 in 2025, 14.83 in 2026, 14.85 in 2027, and 14.86 in 2028. The year-on-year variation reflects a minimal positive trend with fluctuations in the range of just 0.01 to 0.02 percentage points, indicative of stable but almost stagnant growth. The CAGR over the forecast period from 2024 to 2028 shows an average yearly increase of approximately 0.01%.
Future trends to watch for include potential shifts in South Korea's energy policies, international commitments towards carbon reduction, and the technological advancements enhancing renewable energy adoption. Additionally, market dynamics such as fluctuating global coal prices and domestic economic factors could significantly impact fossil fuel support in the coming years.
