The data for 2023 reveals that China leads Global Direct Transfer for fossil fuels with significant investment, followed by Mexico, which experienced a substantial increase of 42.71%. Argentina and Indonesia showed declining trends, with decreases of -4.43% and -17.02%, respectively. Conversely, Japan and South Africa had moderate positive growth, while Canada witnessed a remarkable 96.44% rise. The United Kingdom also experienced a noteworthy 226.74% increase, indicating a shift toward fossil fuel transfers. Meanwhile, the United States observed a -25.54% decline, signaling a potential decrease in fossil fuel support.
Future trends to watch include the potential policy shifts and economic factors influencing countries like the United States, which could alter their commitment to fossil fuel transfers. Additionally, emerging economies such as India and Indonesia, which showed decreases, may revitalize their strategies in response to global sustainability pressures. The expected developments in renewable energy and climate regulations could also impact the trajectory of fossil fuel direct transfers globally.
Top countries in Direct Transfer on All Fossil Fuels for All Beneficiaries or Sectors Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 35.67 | 2023 | -1.72% | +2.14% | View data |
| 2 | 2 Mexico | 15.91 | 2023 | +24.91% | +42.71% | View data |
| 3 | 3 Argentina | 6.32 | 2023 | +4.61% | -4.43% | View data |
| 4 | 4 Indonesia | 4.26 | 2023 | -33.9% | -17.02% | View data |
| 5 | 5 Japan | 3.77 | 2023 | +0.58% | +5.51% | View data |
| 6 | 6 India | 3.47 | 2023 | -10.97% | -18.01% | View data |
| 7 | 7 Ukraine | 3.29 | 2023 | -2.25% | -4.63% | View data |
| 8 | 8 Italy | 2.96 | 2023 | +8.78% | +3.82% | View data |
| 9 | 9 Germany | 2.91 | 2023 | -2.61% | -0.17% | View data |
| 10 | 10 South Africa | 2.55 | 2023 | +4.81% | +12.16% | View data |
