The largest support for fossil fuels was seen in Mexico with USD 8.88 billion, followed by South Africa and Japan. Mexico and the UK experienced significant increases of 147.17% and 226.74% respectively. On the other hand, countries like Poland, Spain, and Slovenia saw negative growth, indicating a decrease in total support. The compound annual growth rate highlighted varied performances, with some nations reducing their fossil fuel support over the past five years.
Future trends indicate a potential shift towards reducing fossil fuel subsidies as countries aim for carbon neutrality. Monitoring policy changes and technological advancements will be critical in assessing the commitment to sustainable energy transitions globally.
Top countries in Total Support on All Fossil Fuels for General Services by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 8,880 | 2023 | +29.36% | +147.17% | View data |
| 2 | 2 South Africa | 4,270 | 2023 | +26.28% | +63.83% | View data |
| 3 | 3 Japan | 1,870 | 2023 | -0.24% | +4.77% | View data |
| 4 | 4 Poland | 1,570 | 2023 | +8.1% | -5.16% | View data |
| 5 | 5 China | 1,150 | 2023 | +11.64% | +10.82% | View data |
| 6 | 6 United Kingdom | 1,030 | 2023 | +33.01% | +226.74% | View data |
| 7 | 7 Greece | 660.51 | 2023 | +3.29% | +1.73% | View data |
| 8 | 8 Germany | 439.6 | 2023 | -1.76% | -1.27% | View data |
| 9 | 9 India | 311.35 | 2023 | +2.34% | +12.86% | View data |
| 10 | 10 Argentina | 238.04 | 2023 | +18.22% | -0.97% | View data |
