In 2023, India led in global direct transfer on fossil fuels for residential use, with significant expenditure noted. However, a recent decrease was observed in India's spending, alongside countries like Indonesia and the United States. Conversely, South Africa, Australia, Mexico, and China exhibited rising trends. Greece marked a significant increase of 25.07%, indicating a notable policy or economic shift. Belgium also saw a notable rise, suggesting increasing residential reliance or policy support for fossil fuels.
Going forward, the focus will be on sustainable energy transitions. As more countries commit to reducing fossil fuel reliance, spending on direct transfers is expected to diminish, influencing global residential energy strategies.
Top countries in Direct Transfer on All Fossil Fuels for Residential Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 39.63 | 2023 | +17.64% | -5.35% | View data |
| 2 | 2 Ukraine | 18.77 | 2023 | +10.02% | -0.17% | View data |
| 3 | 3 South Africa | 11.48 | 2023 | +4.85% | +8.67% | View data |
| 4 | 4 Australia | 9.13 | 2023 | -0.78% | +7.04% | View data |
| 5 | 5 Indonesia | 8.84 | 2023 | -26.95% | -10.39% | View data |
| 6 | 6 United States | 6.75 | 2023 | -11.43% | -11.66% | View data |
| 7 | 7 Mexico | 5.58 | 2023 | +7.81% | +10.06% | View data |
| 8 | 8 Argentina | 4.09 | 2023 | +12.2% | +4.94% | View data |
| 9 | 9 Spain | 2.24 | 2023 | +4.76% | -0.97% | View data |
| 10 | 10 Belgium | 1.91 | 2023 | +5.77% | +9.83% | View data |
