The global tax expenditure on coal varies significantly across countries, with Germany leading at 33.3 million USD, followed by the United Kingdom at 17.74 million USD. Over the last year, tax expenditures saw notable fluctuations: Germany decreased by 8.88%, while the United Kingdom increased by 3.26%. Mexico experienced an exceptional rise of 212.26%, marking the highest year-on-year increase, whereas Sweden saw the most significant decline at 44.86%.
Future trends to watch include the impact of ongoing global energy transitions and climate policies on coal tax expenditures. As countries commit to reducing carbon emissions, there might be further decreases in coal-focused tax subsidies, particularly in regions accelerating shifts towards renewable energy sources. The observed variations indicate a potentially volatile landscape, influenced by economic, political, and technological changes worldwide.
Top countries in Tax Expenditure on Coal for All Beneficiaries or Sectors Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.3 | 2023 | -7.33% | -8.88% | View data |
| 2 | 2 United Kingdom | 17.74 | 2023 | +9.02% | +3.26% | View data |
| 3 | 3 Poland | 17.19 | 2023 | +16.75% | -7.85% | View data |
| 4 | 4 United States | 12.12 | 2023 | -0.74% | -2.32% | View data |
| 5 | 5 Finland | 7.92 | 2023 | +7.5% | +1.92% | View data |
| 6 | 6 France | 7.29 | 2023 | +7.91% | +4.35% | View data |
| 7 | 7 Portugal | 5.56 | 2023 | +8.98% | +10.59% | View data |
| 8 | 8 Netherlands | 3.77 | 2023 | +8% | +12.1% | View data |
| 9 | 9 Ukraine | 3.71 | 2023 | +24.61% | +6.78% | View data |
| 10 | 10 Greece | 2.81 | 2023 | -4.17% | -5.99% | View data |
