In 2023, China led the global support for fossil fuels, followed by the United Kingdom and Italy. Notable year-on-year changes include Russia’s significant increase of 9.4% and Brazil's sharp decline of 47.59%. Overall, European countries like Sweden and Portugal showed positive growth, while several other regions, including Indonesia and Mexico, experienced declines in fossil fuel support. This diverse trend underscores shifts in energy policies and economic conditions.
Looking ahead, expect enhanced focus on renewable energy investments, regulatory changes, and global policy shifts aiming to reduce fossil fuel dependency. Monitoring geopolitical developments and energy transitions will be critical in understanding future support dynamics.
Top countries in Total Support on All Fossil Fuels for Consumers Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 19.71 | 2023 | -0.83% | +1.87% | View data |
| 2 | 2 United Kingdom | 9.69 | 2023 | +5.8% | +3.76% | View data |
| 3 | 3 Italy | 9.32 | 2023 | +4.63% | +3.5% | View data |
| 4 | 4 India | 8.24 | 2023 | +5.85% | -2.63% | View data |
| 5 | 5 France | 7.81 | 2023 | +5.13% | +3.79% | View data |
| 6 | 6 Germany | 3.29 | 2023 | -4.02% | -4.8% | View data |
| 7 | 7 United States | 3.26 | 2023 | -3.87% | -3.96% | View data |
| 8 | 8 Belgium | 2.71 | 2023 | +2.29% | +2.02% | View data |
| 9 | 9 Argentina | 2.68 | 2023 | -0.24% | -5.59% | View data |
| 10 | 10 South Africa | 2.52 | 2023 | +6.53% | +3.6% | View data |
