The domestic extraction of fossil fuels in France is projected to decline consistently from 2024 to 2028, with the value forecasted to decrease annually. Specifically, the year-on-year reductions are expected to be approximately 2.3% from 2024 to 2025, 2.3% from 2025 to 2026, 2.4% from 2026 to 2027, and 2.4% again from 2027 to 2028. The compound annual growth rate (CAGR) over this period is about -2.35%, reflecting a steady decline.
Future trends to watch for include the shift towards alternative and renewable energy sources, which may further influence the decline in fossil fuel extraction. Policy changes related to environmental sustainability and carbon reduction goals may also impact domestic production levels.
