The forecast for total support on coal for consumers in Brazil shows a consistent downward trend from 2024 to 2028. Starting at $125.05 million USD in 2024, the support decreases yearly, reaching $85.47 million by 2028. In 2023, the value was $135.12 million. This indicates a 7.44% drop from 2023 to 2024. Continued annual decreases show a year-on-year decline of approximately 8% to 10%. The compound annual growth rate (CAGR) from 2024 to 2028 depicts an overall negative yearly average of a 9% reduction.
Future trends to watch for:
- Increasing government and industry focus on renewable energy sources.
- Regulatory changes that could affect coal subsidies and financial support structures.
- Global pressures and agreements targeting a reduction in carbon emissions.
- Innovations in alternative energy technologies and their adoption rates in Brazil.
