The 2023 data indicates significant variance in global support for coal production. China's total support leads, representing substantial financial backing, with a notable year-on-year increase of 11.68%. The UK and Indonesia show remarkable upswings, with the UK rising by 39.13% and Indonesia by a staggering 159.69%. In contrast, Poland and Spain experience declines of 4.65% and 11.44%, respectively. Other countries like South Korea show moderate support growth, while Russia and Belarus see decreases. Long-term trends show heterogeneous growth and decline, in line with varying national energy policies.
Future trends to watch include further divergence in national support strategies driven by geopolitical influences, climate policies, and shifts toward renewable energy. The dynamics in Asia, particularly China and Indonesia, will be crucial, considering their current growth trajectories. Additionally, countries with declining support will need monitoring for potential policy shifts aimed at cleaner energy alternatives.
Top countries in Total Support on Coal for Fossil Fuel Production Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 35.76 | 2023 | +10.36% | +11.68% | View data |
| 2 | 2 Poland | 26.77 | 2023 | +7.01% | -4.65% | View data |
| 3 | 3 United Kingdom | 22.53 | 2023 | +11.26% | +39.13% | View data |
| 4 | 4 Indonesia | 14.22 | 2023 | +2.93% | +159.69% | View data |
| 5 | 5 Spain | 3.08 | 2023 | -8.81% | -11.44% | View data |
| 6 | 6 South Korea | 2.02 | 2023 | -0.79% | +2.29% | View data |
| 7 | 7 Argentina | 1.99 | 2023 | -2.76% | +8.29% | View data |
| 8 | 8 Russia | 1.2 | 2023 | +6.79% | -0.84% | View data |
| 9 | 9 Hungary | 0.53 | 2023 | -6.26% | -4.18% | View data |
| 10 | 10 Canada | 0.18 | 2023 | -10.45% | +9.67% | View data |
