In 2023, the total support for fossil fuels in Italy's electricity generation stood at $1.78 billion US dollars. From 2024 onward, a steady increase is projected, reaching $2.36 billion by 2028. Year-on-year growth rates average around 5-6%, indicating a consistent upward trend. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 5.53%, reflecting a robust and sustained commitment to fossil fuel support despite the global shift to renewables.
Future trends to watch for include Italy's policy shifts towards renewable energy sources, technological advancements, and regulatory changes. This could impact the level of support allocated to fossil fuels, aligning with the broader EU green transition goals.
