The forecasted support for fossil fuels in France is projected to steadily increase from 0.4% of GDP in 2024 to 0.46% in 2028. This upward trend suggests a modest yet consistent rise over the five-year forecast period, reflecting a slight annual growth rate year-on-year. The average yearly compound annual growth rate (CAGR) over these five years is indicative of gradual policy shifts or economic factors influencing fossil fuel subsidies.
Future trends to monitor include potential policy changes under the EU’s Green Deal, which may influence France's subsidies for fossil fuels. Additionally, shifts in global energy prices could impact national support levels, particularly if there is a stronger move towards renewables and less reliance on fossil-based energy. The broader economic context and France's energy transition strategies will also be essential factors to watch.
