This analysis shows a mixed trend in the global total support on all fossil fuels for transportation, with variations in the support levels provided by countries in 2023. Notably, Belgium experienced significant growth, while Ukraine saw a substantial rise from a lower baseline. In contrast, countries like Colombia, China, and Canada reduced their support levels, possibly indicating shifts towards sustainable energy sources. With forecasted trends for 2024, there is a trajectory worth monitoring as countries reevaluate their energy policies in alignment with global sustainability goals.
Future trends to watch for:
- Continued reduction in fossil fuel support in developed nations as they push for renewable energy adoption.
- Potential volatility in countries with growing or fluctuating energy demands.
- Policy shifts aimed at balancing economic growth with environmental impact will influence future support trends.
- Emerging markets may alter their support structure as they face international pressure to reduce fossil fuel dependency.
Top countries in Total Support on All Fossil Fuels for Transportation by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 0.61 | 2023 | +5.34% | +1.72% | View data |
| 2 | 2 Chile | 0.52 | 2023 | +8.4% | +5.81% | View data |
| 3 | 3 Australia | 0.44 | 2023 | +4.03% | +2.71% | View data |
| 4 | 4 Ireland | 0.37 | 2023 | +1.91% | -4.52% | View data |
| 5 | 5 Argentina | 0.3 | 2023 | -4.69% | -6.6% | View data |
| 6 | 6 Switzerland | 0.3 | 2023 | +10.33% | +0.067% | View data |
| 7 | 7 Colombia | 0.24 | 2023 | +22.34% | -9.59% | View data |
| 8 | 8 Israel | 0.23 | 2023 | 0% | -2.68% | View data |
| 9 | 9 Lithuania | 0.21 | 2023 | +16.67% | +2.79% | View data |
| 10 | 10 France | 0.21 | 2023 | +6.74% | +6.41% | View data |
