France's coal consumption has witnessed a consistent downward trend over the past decade, decreasing from 0.48 Exajoules in 2013 to 0.2 Exajoules in 2023. The most significant annual declines were observed in 2014 and 2020, with year-on-year reductions of 25.21% and 29.85%, respectively. As of 2023, consumption stands at 0.2 Exajoules. Over the last two years (2022-2023), the annual decline has moderated to 4.67% in 2023, compared to 6.14% in 2022. The compound annual growth rate (CAGR) for the past five years (2018-2023) was -9.87%. Forecasts predict a further decline at a CAGR of -3.9% over the next five years, leading to a projected consumption of 0.16 Exajoules by 2028.
Future trends to watch for:
- Government policies focusing on transitioning to cleaner energy sources.
- Technological advancements in renewable energy that could accelerate the decline in coal consumption.
- Economic factors such as energy prices and industrial demand that may influence coal consumption rates.