In 2023, China led in global consumer fossil fuel support at 28.31 billion USD, followed by Italy and India. Notably, the U.K. and France continued their significant contributions, while the U.S. and Germany saw reductions. Smaller European countries and New Zealand showed minimal subsidies, reflecting regional policy shifts. Year-on-year analysis revealed sizeable drops in consumer support for Indonesia and Spain, contrasted with notable increases for Chile and Portugal. Over the last five years, variations highlight a general global decline in fossil fuel supports.
Looking forward, significant trends include China's leading role amidst slight declines, potential policy shifts in Europe towards renewables, and fluctuations influenced by geopolitical tensions and economic factors perpetuating regional divergences in fossil fuel subsidy levels.
Top countries in Total Support on All Fossil Fuels for Consumers by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 28,310 | 2023 | +0.24% | +2.54% | View data |
| 2 | 2 Italy | 11,550 | 2023 | +0.88% | +1.29% | View data |
| 3 | 3 India | 10,890 | 2023 | +5.35% | -3.4% | View data |
| 4 | 4 United Kingdom | 10,270 | 2023 | +2.65% | -0.62% | View data |
| 5 | 5 France | 9,730 | 2023 | +4.55% | +2.03% | View data |
| 6 | 6 Australia | 5,650 | 2023 | +1.98% | +1.48% | View data |
| 7 | 7 United States | 4,770 | 2023 | -1.69% | -2.01% | View data |
| 8 | 8 Germany | 4,220 | 2023 | -4.57% | -5.89% | View data |
| 9 | 9 Argentina | 3,640 | 2023 | -1.22% | -8.9% | View data |
| 10 | 10 Belgium | 3,630 | 2023 | +1.58% | +1.49% | View data |
