The forecast for total support on all fossil fuels in Italy shows a steady growth from 2024 to 2028. Starting at $11.82 billion in 2024, the value is set to reach $12.18 billion in 2028, indicating a compound annual growth rate (CAGR) of approximately 0.76%. This suggests a gradually increasing commitment to fossil fuel subsidies, potentially reflecting ongoing energy policy challenges.
Future trends to watch for include:
- The impact of European Union energy policy shifts toward renewable energy
- Italy's initiatives to reduce carbon emissions and transition to cleaner energy sources
- Fluctuations in global fossil fuel markets and geopolitical factors influencing energy strategies