In 2024, Germany leads the global tax expenditure on coal for consumers with significant spending, but it experienced a 9.18% decline in 2023. The UK and Finland showed modest increases, while Portugal and the Netherlands saw substantial growths of 9.85% and 12.53%, respectively. Conversely, the United States and Greece witnessed decreases, with Greece falling by 11.5%. Canada faced the most dramatic drop at 19.08%, while Mexico's expenditure unexpectedly soared by 214.36%. Over the last five years, the Compound Annual Growth Rate (CAGR) reflects varied trends, indicating dynamic shifts within individual countries.
Future trends to watch include potential shifts away from coal as countries increase investment in renewable energy. This transition might alter tax expenditures as policies evolve to incentivize cleaner energy sources. Close attention should be paid to regulatory changes and technological advancements that could influence this transition globally.
Top countries in Tax Expenditure on Coal for Consumers Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42.96 | 2023 | -6.72% | -9.18% | View data |
| 2 | 2 United Kingdom | 22.87 | 2023 | +7.39% | +2.66% | View data |
| 3 | 3 Finland | 10.28 | 2023 | +4.15% | +0.72% | View data |
| 4 | 4 Portugal | 7.31 | 2023 | +8.89% | +9.85% | View data |
| 5 | 5 United States | 6.4 | 2023 | +0.31% | -0.67% | View data |
| 6 | 6 Netherlands | 5.19 | 2023 | +7.99% | +12.53% | View data |
| 7 | 7 Greece | 2.99 | 2023 | -13.36% | -11.5% | View data |
| 8 | 8 Slovakia | 2.46 | 2023 | +3.94% | +0.7% | View data |
| 9 | 9 Brazil | 1.29 | 2023 | +1.56% | -13.01% | View data |
| 10 | 10 Switzerland | 1.11 | 2023 | +5.34% | +10.69% | View data |
