As of 2023, the UK's stock change for solid fossil fuels stood at approximately 115.34 thousand tonnes of oil equivalent. Forecasted data reveals a downward trend from 2024 to 2028. The year-on-year changes show an initial increase in 2024 by 37.3% from 2023, followed by a significant decline starting in 2025 at 119.2%, continuing in 2026 at 599.0%, 2027 at 84.2%, and 2028 at 44.8%. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -19.6%.
Future trends to watch include the UK's transition to cleaner energy, impacting fossil fuel demand, further policy shifts promoting renewable energy sources, and technological advancements in energy efficiency potentially accelerating the decline in fossil fuel reliance and stock change.
