The UK's total support for coal consumption is forecasted to rise from $919.53 million in 2024 to $1030.0 million by 2028, with year-on-year increases indicating steady growth. From 2024 to 2025, the value will increase by 2.9%, followed by 2.8% in 2026, 2.7% in 2027, and 3.0% by 2028. This suggests a compound annual growth rate (CAGR) of approximately 2.9% over the five-year period.
Future trends to watch for include potential policy changes aiming to reduce coal reliance, which could alter the forecast. Additionally, technological advancements and increased competition from renewable energy sources could impact support levels for coal.
