In 2023, China led with a substantial producer support of 27.99 million USD. Germany followed with 19.8 million USD despite a 6.12% drop. Australia's support grew by 2.44% to 18.79 million USD. Argentina, Japan, and Azerbaijan saw increases, with Azerbaijan having a notable 7.16% rise. Denmark's producer share surged by 37.34%, reaching 5.55 million USD. In contrast, Canada witnessed a significant 11.84% reduction. Indonesia saw the largest drop at 14.85%. Smaller economies like Finland highlighted notable increases, although their absolute values remained low.
Future trends include enhanced focus on sustainable energy and reducing fossil fuel dependencies. Key watch areas are policy shifts in major economies like China and renewable energy investments in regions such as the EU and Asia-Pacific. These could significantly alter fossil fuel support dynamics in coming years.
Top countries in Total Support on All Fossil Fuels for Producers Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 27.99 | 2023 | +0.14% | +0.72% | View data |
| 2 | 2 Germany | 19.8 | 2023 | -7.39% | -6.12% | View data |
| 3 | 3 Australia | 18.79 | 2023 | +4.5% | +2.44% | View data |
| 4 | 4 Argentina | 12.37 | 2023 | +15.96% | +0.53% | View data |
| 5 | 5 Japan | 7.63 | 2023 | +1.6% | +4.86% | View data |
| 6 | 6 Azerbaijan | 5.92 | 2023 | +35.81% | +7.16% | View data |
| 7 | 7 Denmark | 5.55 | 2023 | +20.6% | +37.34% | View data |
| 8 | 8 Canada | 4.49 | 2023 | -12.45% | -11.84% | View data |
| 9 | 9 France | 3.28 | 2023 | +10.55% | +2.29% | View data |
| 10 | 10 Israel | 1.23 | 2023 | +1.19% | +4.21% | View data |
