In 2023, Germany led global support for coal consumers with $1.49 billion, despite a 10.08% decrease from the previous year. Indonesia and South Africa followed, each showing modest increases of 4.85% and 5.19%, respectively. Other significant movers included China (+9.1%) and Portugal (+9.76%). However, countries like Brazil (-14.08%), Ireland (-12.61%), and South Korea (-10.43%) faced substantial declines. The most dramatic shift was in Mexico with a 214.36% increase. Over the past five years, we observe a gradual decline on average, influenced by shifts towards cleaner energy sources and varying national policies.
Future trends indicate a continued divergence in support levels, driven by national energy policies, economic conditions, and the global push towards sustainable energy. Watch for potential volatility in emerging markets and policy-driven changes in developed nations, influencing global coal support dynamics.
Top countries in Total Support on Coal for Consumers by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,490 | 2023 | -7.93% | -10.08% | View data |
| 2 | 2 Indonesia | 996.52 | 2023 | +3.57% | +4.85% | View data |
| 3 | 3 South Africa | 934.64 | 2023 | +4.84% | +5.19% | View data |
| 4 | 4 United Kingdom | 847.9 | 2023 | +7.46% | +2.94% | View data |
| 5 | 5 Italy | 420.34 | 2023 | +4.06% | -0.4% | View data |
| 6 | 6 Finland | 375.67 | 2023 | +4.14% | +0.71% | View data |
| 7 | 7 China | 343.54 | 2023 | +5.88% | +9.1% | View data |
| 8 | 8 Portugal | 268.33 | 2023 | +8.86% | +9.76% | View data |
| 9 | 9 Greece | 259.89 | 2023 | -7.46% | -7.22% | View data |
| 10 | 10 Slovakia | 209.8 | 2023 | +0.43% | -1.28% | View data |
