From 2013 to 2023, the total support on coal for electricity generation in Brazil exhibited considerable volatility. Initial values saw minor increases and decreases until a significant drop in 2017, followed by a spike in 2018. The subsequent years saw a steady decline, stabilizing at a lower value from 2020 to 2022. By 2023, the support remained at 0.01 units of GDP. The 5-year CAGR from 2019 to 2023 stood at -8.97%, reflecting a consistent downtrend.
Forecasts for 2024 onwards indicate a continuing decline, with a 5-year forecasted CAGR of -4.9%, projecting a further reduction of 22.22% by 2028.
Future trends to watch for:
- Shifts in energy policies impacting coal support
- Adoption of renewable energy sources
- Global coal market dynamics and economic factors influencing investment
