The data on global total support for fossil fuels in the residential sector shows significant variation across countries. As of 2023, India led with the highest support at 5.61 billion USD, followed by the United Kingdom and Ukraine. Notably, China's support increased by 18.05% from the previous year, reflecting a rising trend in government subsidy or support. In contrast, countries like the United States and Mexico saw a significant decline, indicating reduced emphasis on fossil fuel support.
Looking ahead, the transition to renewable energy may lead to declining fossil fuel support. Countries are likely to reevaluate their energy policies, influenced by global environmental goals and economic pressures, emphasizing the move towards sustainable energy solutions.
Top countries in Total Support on All Fossil Fuels for Residential by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 5,610 | 2023 | +18.97% | -2.18% | View data |
| 2 | 2 United Kingdom | 4,350 | 2023 | -2.13% | -2.4% | View data |
| 3 | 3 Ukraine | 3,050 | 2023 | +11.86% | +2.02% | View data |
| 4 | 4 Italy | 2,650 | 2023 | +5.05% | +6.38% | View data |
| 5 | 5 United States | 2,400 | 2023 | -6.5% | -5.96% | View data |
| 6 | 6 China | 1,970 | 2023 | +20.09% | +18.05% | View data |
| 7 | 7 Belgium | 1,900 | 2023 | +1.01% | +0.32% | View data |
| 8 | 8 Indonesia | 1,580 | 2023 | -15.48% | -2.86% | View data |
| 9 | 9 South Africa | 1,450 | 2023 | +5.66% | +11.33% | View data |
| 10 | 10 Greece | 1,200 | 2023 | +4.98% | +6.6% | View data |
