The analysis of the Global Energy Public R&D Budget by Country shows that, as of 2023, Norway leads with a budget equivalent to 0.18% of GDP. Other notable countries include Japan, Austria, and the United Kingdom, each at 0.06% of GDP. Notable year-on-year variations observed include a significant increase in Hungary with 31.95%, followed by Norway and the United Kingdom at 14.87%. Several countries, such as Japan, the United States, and Italy, showed no variation. For long-term trends, considerable stability is seen in higher contributors, with modest growth in other parts of Europe and Asia.
Future trends to watch in the Global Energy Public R&D Budget by Country include:
- Increased investments in renewable energy R&D, influenced by climate policy commitments.
- Potential shifts in budget allocations towards innovation in energy storage and grid technologies.
- Emerging collaborations among countries in developing sustainable energy technologies.
Top countries in Energy Public R&D Budget by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 0.18 | 2023 | +12.5% | +14.87% | View data |
| 2 | 2 Japan | 0.06 | 2023 | 0% | 0% | View data |
| 3 | 3 Austria | 0.06 | 2023 | 0% | +8.45% | View data |
| 4 | 4 United Kingdom | 0.06 | 2023 | +20% | +14.87% | View data |
| 5 | 5 Czech Republic | 0.05 | 2023 | 0% | +4.56% | View data |
| 6 | 6 Switzerland | 0.05 | 2023 | 0% | -3.58% | View data |
| 7 | 7 Belgium | 0.05 | 2023 | 0% | +4.56% | View data |
| 8 | 8 Denmark | 0.05 | 2023 | 0% | +10.76% | View data |
| 9 | 9 Hungary | 0.04 | 2023 | 0% | +31.95% | View data |
| 10 | 10 Netherlands | 0.04 | 2023 | 0% | +5.92% | View data |
