The analysis of global fossil fuel consumption support by country reveals significant variations. Belgium shows the highest support level at 86.1, with a notable year-on-year increase of 14.91%. Conversely, countries like Estonia and New Zealand recorded declines in support, with Estonia decreasing by 13.19% and Hungary by 3.87%. Noteworthy declines also occur in Ukraine and Latvia.
Countries such as New Zealand showed substantial growth. In the longer term, countries like Portugal, Franco, Chile, and Luxembourg have increased support, with sustained year-on-year growth. However, nations like the United States and Ireland are trending downwards.
Future trends in global fossil fuel consumption support may likely reflect increasing pressure to transition towards cleaner energy sources. Countries might enhance policy changes and financial mechanisms to lower dependency on fossil fuels and enforce greener initiatives, shaping a more sustainable energy landscape ahead.
Top countries in Fossil Fuel Consumption Support by Country
| # | 10 Countries | Percent of Energy Related Tax Revenue | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 86.1 | 2023 | +11.99% | +14.91% | View data |
| 2 | 2 Ireland | 78.08 | 2023 | +2.66% | -0.79% | View data |
| 3 | 3 Ukraine | 63.58 | 2023 | -5.27% | -8.16% | View data |
| 4 | 4 Chile | 62.73 | 2023 | +1.64% | +3.24% | View data |
| 5 | 5 Argentina | 43.53 | 2023 | +0.046% | +3.47% | View data |
| 6 | 6 South Africa | 37.69 | 2023 | +0.72% | +0.88% | View data |
| 7 | 7 Lithuania | 26.8 | 2023 | -0.15% | +5.59% | View data |
| 8 | 8 Sweden | 22.48 | 2023 | +3.4% | +8.72% | View data |
| 9 | 9 France | 21.8 | 2023 | +4.06% | +3.21% | View data |
| 10 | 10 Austria | 21.76 | 2023 | +8.1% | +1.87% | View data |
