In 2023, Japan had the highest Feed-In Tariff for Biomass Energy among the listed countries at $0.33, showcasing a significant increase of 3.55% from the previous year. Bulgaria followed with $0.22, marking a 2.32% year-on-year rise. Switzerland, Austria, and China saw steady increments of 1.5%, 0.62%, and 1.02% respectively. Germany and Indonesia maintained similar values to previous years, with Germany seeing a slight decrease of 0.015% and Indonesia increasing by 2.38%. Conversely, Estonia, Finland, Cyprus, and Slovakia experienced significant declines, with Finland and Cyprus showing substantial drops of 29.55% and 31.51%, and Slovakia plummeting by 52.49%.
Future trends to watch include technological advancements and government policies promoting green energy, potentially leading to higher Feed-In Tariffs in countries investing heavily in biomass energy. Renewable energy incentives may vary greatly by region, influencing the global mean. Monitoring these changes will be crucial to understanding the evolving landscape of biomass energy tariff rates.
Top countries in Mean Feed-In Tariff for Biomass Energy by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 0.33 | 2023 | +3.33% | +3.55% | View data |
| 2 | 2 Bulgaria | 0.22 | 2023 | +3.41% | +2.32% | View data |
| 3 | 3 Switzerland | 0.2 | 2023 | +1.78% | +1.5% | View data |
| 4 | 4 Austria | 0.19 | 2023 | +1.81% | +0.62% | View data |
| 5 | 5 China | 0.12 | 2023 | +1.67% | +1.02% | View data |
| 6 | 6 Germany | 0.11 | 2023 | +1.18% | -0.015% | View data |
| 7 | 7 Indonesia | 0.1 | 2023 | +2.29% | +2.38% | View data |
| 8 | 8 Estonia | 0.031 | 2023 | -3.85% | -4.16% | View data |
| 9 | 9 Finland | 0.017 | 2023 | -16.43% | -29.55% | View data |
| 10 | 10 Cyprus | 0.012 | 2023 | -19.45% | -31.51% | View data |
