Between 2024 and 2028, the forecasted tax expenditure on fossil fuels in France is projected to rise consistently, starting at 0.4% of GDP in 2024 and reaching 0.45% by 2028. This indicates a steady annual increase of about 0.01 percentage points. The consistent upward trend reflects ongoing governmental support or subsidies directed towards fossil fuel sectors and beneficiaries. Over this period, the year-on-year percentage increases are modest but indicate a consistent policy direction.
Future trends to watch for include potential policy shifts in response to global climate commitments which may affect fossil fuel subsidies. Additionally, advancements in renewable energy could also impact these expenditures as France potentially moves towards more sustainable energy solutions.
