In 2023, fossil energy production in Italy stood at 8.15 million tonnes of oil equivalent. The forecasted data from 2024 onwards shows a steady decline in production: 7.75, 7.35, 6.96, 6.56, and 6.17 million tonnes of oil equivalent from 2024 to 2028, respectively. This indicates a year-on-year decrease of approximately 5% from 2024 and suggests a compounded annual growth rate (CAGR) decline of about 6% over the five-year period from 2023 to 2028.
Future trends to watch for include:
- Italy's shift towards renewable energy sources, which might accelerate given its commitment to sustainability.
- Possible policy changes or incentives affecting fossil fuel production, given global climate agreements.
- Technological advancements in fossil fuel extraction and usage efficiency.