The global direct transfer on all fossil fuels for residential purposes in 2023 shows India leading with the highest value, followed by Ukraine and South Africa. Notably, India saw a 5.35% decline, while Ukraine had a marginal decrease of 0.17%, and South Africa experienced a significant increase of 8.67%. Noteworthy increases were observed in Australia (7.04%), Mexico (10.06%), and Greece (25.07%), whereas Indonesia and the United States saw notable declines of 10.39% and 11.66%, respectively. The five-year CAGR shows varying trends, indicating a mix of growth and reduction in different countries' fossil fuel subsidies.
Future trends to watch include shifts in energy policies as countries transition towards greener energy, impacting direct fossil fuel transfers. Increasing environmental regulations and investments in renewable energy could further accelerate changes in subsidy allocations from fossil fuels to sustainable energy alternatives.
Top countries in Direct Transfer on All Fossil Fuels for Residential by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 4,810 | 2023 | +17.64% | -5.35% | View data |
| 2 | 2 Ukraine | 2,280 | 2023 | +10.02% | -0.17% | View data |
| 3 | 3 South Africa | 1,390 | 2023 | +4.85% | +8.67% | View data |
| 4 | 4 Australia | 1,110 | 2023 | -0.78% | +7.04% | View data |
| 5 | 5 Indonesia | 1,070 | 2023 | -26.95% | -10.39% | View data |
| 6 | 6 United States | 818.09 | 2023 | -11.43% | -11.66% | View data |
| 7 | 7 Mexico | 677.18 | 2023 | +7.81% | +10.06% | View data |
| 8 | 8 Argentina | 496.05 | 2023 | +12.2% | +4.94% | View data |
| 9 | 9 Spain | 271.11 | 2023 | +4.76% | -0.97% | View data |
| 10 | 10 Belgium | 232.08 | 2023 | +5.77% | +9.83% | View data |
