The United States leads in Global RD&D spending in fossil fuels with $62.32 million (PPP). Recent data shows mixed trends: Belgium experienced a significant increase of 86.11%, while Mexico saw a sharp decline of 38.98%. Over five years, several countries like Switzerland and Austria exhibited increasing trends, while others like Canada showed declines.
Future trends to watch include shifts in policy and investments driven by global energy transitions. Countries may reallocate their RD&D resources towards renewable energies and technologies, potentially impacting fossil fuel research funding. More fluctuations are anticipated as nations adjust to climate goals and energy market dynamics.
Top countries in RD&D in Fossil Fuels Share by Country (Million US Dollars PPP = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 62.32 | 2023 | -0.52% | -1.81% | View data |
| 2 | 2 Canada | 16.79 | 2023 | +3.51% | -15.5% | View data |
| 3 | 3 France | 8.11 | 2023 | -3.76% | -0.46% | View data |
| 4 | 4 Australia | 5.69 | 2023 | -45.31% | -2.08% | View data |
| 5 | 5 Belgium | 3.16 | 2023 | -1.26% | +86.11% | View data |
| 6 | 6 Poland | 3.06 | 2023 | -3.06% | +1.4% | View data |
| 7 | 7 Netherlands | 2.26 | 2023 | +3.16% | -12.93% | View data |
| 8 | 8 Mexico | 1.54 | 2023 | -60.65% | -38.98% | View data |
| 9 | 9 Switzerland | 1.49 | 2023 | +0.48% | +6.76% | View data |
| 10 | 10 Portugal | 0.35 | 2021 | +162.62% | View data |
