The global direct transfer for fossil fuels varies significantly across countries. In 2023, China led with substantial direct transfers, maintaining a minor year-on-year increase. Argentina and Mexico also saw significant increases with 5.85% and 12.09%, respectively, indicating their growing fossil fuel support. Conversely, Indonesia and India experienced substantial reductions, suggesting potential shifts towards sustainable energy practices. Regions like the United States and Azerbaijan also showed decreases, while Europe showed mixed trends, with Belgium witnessing a significant rise.
Future trends to watch include:
- Potential further reductions in emerging economies as they transition to renewable energy.
- Policy-driven shifts in Europe might continue influencing direct transfers.
- Economic recoveries may impact energy subsidies and alter future fund allocations.
- Technological advancements in renewable energy could drive policy changes globally.
Top countries in Direct Transfer 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 | 42.25 | 2023 | -3.52% | +0.32% | View data |
| 2 | 2 Argentina | 10.48 | 2023 | +8.5% | +5.85% | View data |
| 3 | 3 Mexico | 7.4 | 2023 | +9.31% | +12.09% | View data |
| 4 | 4 Ukraine | 6.41 | 2023 | +3.82% | +0.79% | View data |
| 5 | 5 Indonesia | 5.84 | 2023 | -37.08% | -19.07% | View data |
| 6 | 6 India | 4.78 | 2023 | -11.43% | -19.5% | View data |
| 7 | 7 Italy | 4.42 | 2023 | +9.31% | +4.17% | View data |
| 8 | 8 Brazil | 3.82 | 2023 | +3.64% | -7.36% | View data |
| 9 | 9 Chile | 3.2 | 2023 | +15.24% | +10.86% | View data |
| 10 | 10 Australia | 3.18 | 2023 | +1.5% | +9.57% | View data |
