The analysis of direct transfers for fossil fuels in electricity generation reveals varied national strategies in 2023. Greece and South Africa recorded significant increases of around 4% and 10%, respectively. Italy and Germany also saw substantial rises, suggesting shifts in national energy subsidies. In contrast, Belarus and Hungary experienced significant declines. Ukraine and China maintained stable trends.
Future trends are likely to focus on reducing direct transfers as countries adhere to global climate commitments. Watch for further decreases in nations committed to renewables, potentially spurred by policy changes and economic pressures to decrease reliance on fossil fuels.
Top countries in Direct Transfer on All Fossil Fuels for Electricity Generation by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 0.57 | 2023 | +13.6% | View data | |
| 2 | 2 Greece | 0.54 | 2023 | +0.74% | +4.02% | View data |
| 3 | 3 Slovakia | 0.14 | 2023 | +2.94% | +1.65% | View data |
| 4 | 4 Latvia | 0.14 | 2023 | -6.21% | -7.14% | View data |
| 5 | 5 Italy | 0.091 | 2023 | +8.33% | +8.69% | View data |
| 6 | 6 Brazil | 0.089 | 2023 | 0% | -2.3% | View data |
| 7 | 7 Indonesia | 0.086 | 2023 | 0% | +2.77% | View data |
| 8 | 8 Slovenia | 0.063 | 2023 | 0% | 0% | View data |
| 9 | 9 Belarus | 0.022 | 2023 | -18.52% | -25.21% | View data |
| 10 | 10 South Africa | 0.018 | 2023 | 0% | +10.35% | View data |
