The global support for coal in 2024 highlights Germany leading with $3.37 billion, despite a 6.41% decline from 2023, followed by China ($2.61 billion) showing an 11.01% increase, and the UK ($1.81 billion) rising by 19.67%. Poland and Indonesia both approach $1.6 billion, with Indonesia growing by 15.24%. South Africa, Italy, and Finland show modest increases. Noteworthy changes include a significant drop in U.S. support (-47.01%) and a surge in Mexico's backing (214.36%). Overall, national policies significantly shape support trends in response to energy transitions and economic considerations.
Future trends to watch include shifts towards renewable sources influencing coal support reductions globally. Continued policy adjustments, environmental regulations, and economic incentives will likely drive further decreases in coal investment, especially in mature markets. High emissions countries may maintain support to manage energy stability during transitions.
Top countries in Total Support on Coal for All Beneficiaries or Sectors by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,370 | 2023 | -6.07% | -6.41% | View data |
| 2 | 2 China | 2,610 | 2023 | +9.58% | +11.01% | View data |
| 3 | 3 United Kingdom | 1,810 | 2023 | +9.36% | +19.67% | View data |
| 4 | 4 Poland | 1,580 | 2023 | +3.88% | -6.82% | View data |
| 5 | 5 Indonesia | 1,570 | 2023 | +1.02% | +15.24% | View data |
| 6 | 6 South Africa | 1,010 | 2023 | +4.76% | +5.56% | View data |
| 7 | 7 Italy | 422.19 | 2023 | +8.88% | +5.04% | View data |
| 8 | 8 Finland | 376.54 | 2023 | +4.15% | +0.73% | View data |
| 9 | 9 Portugal | 267.22 | 2023 | +8.89% | +9.85% | View data |
| 10 | 10 Greece | 259.78 | 2023 | -7.48% | -7.23% | View data |
