Germany leads in global support for coal electricity generation, standing at $1.87 billion in 2023, despite a year-on-year decrease of 6.69%. In contrast, Indonesia and China saw positive growth in support at 5.8% and 5.84%, respectively. The United States experienced a minimal decline of 0.22%, whereas countries like Ireland and Estonia showed significant reductions, with decreases of 32.41% and 13.8%, respectively.
The Compound Annual Growth Rate over the five years indicates fluctuating trends, where countries exhibit unique trajectories based on economic, environmental, and policy considerations. Observing future sustainability commitments could influence these allocations significantly.
Future trends to watch include:
- An increasing global emphasis on renewable energy sources, potentially affecting coal support.
- Policy changes in response to climate commitments, especially in developed economies aiming for carbon neutrality.
- Technological advancements in clean coal technologies might affect future support structures.
Top countries in Total Support on Coal for Electricity Generation by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,870 | 2023 | -3.52% | -6.69% | View data |
| 2 | 2 Indonesia | 1,030 | 2023 | +4.41% | +5.8% | View data |
| 3 | 3 Italy | 419.21 | 2023 | +9.95% | +6.01% | View data |
| 4 | 4 Finland | 363.91 | 2023 | +7.28% | +1.58% | View data |
| 5 | 5 Portugal | 279.46 | 2023 | +8.98% | +10.59% | View data |
| 6 | 6 Slovakia | 222.72 | 2023 | +3.49% | +0.034% | View data |
| 7 | 7 China | 217.9 | 2023 | +6.26% | +5.84% | View data |
| 8 | 8 Brazil | 135.07 | 2023 | -6.94% | -10.62% | View data |
| 9 | 9 United States | 95.68 | 2023 | -0.36% | -0.22% | View data |
| 10 | 10 South Africa | 53.53 | 2023 | +0.82% | +8.56% | View data |
