In 2023, Japan led the global government budget appropriations for R&D in energy with a significant presence, followed by France and Italy. Trends show Australia with a remarkable increase of 82.92% YoY, while Finland's R&D spending dropped by 29.53%. The sharp rise in Spain's share, alongside Greece's 33.11% hike, highlights these countries' growing commitment to energy research. Negative trends in countries like Italy, Portugal, and other smaller European nations suggest diversified focus or constraints in R&D funding.
Future trends to watch include the potential for more countries to increase allocations towards sustainable energy, as global environmental policies and technological advancements influence budgetary decisions. Emerging markets could also see an uptick as they strive to innovate and keep pace with the energy transition.
Top countries in Government Budget Appropriations or Outlays for R&D in Energy Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 32.8 | 2023 | +2.46% | +50.5% | View data |
| 2 | 2 France | 19.89 | 2023 | +3.86% | +2.99% | View data |
| 3 | 3 Italy | 11.45 | 2023 | +3.59% | -1.39% | View data |
| 4 | 4 Netherlands | 7.92 | 2023 | +5.58% | +3.76% | View data |
| 5 | 5 Mexico | 5.59 | 2023 | +3.75% | +1.44% | View data |
| 6 | 6 Australia | 4.86 | 2023 | +5.69% | +82.92% | View data |
| 7 | 7 Belgium | 4.46 | 2023 | +4.09% | +4.88% | View data |
| 8 | 8 Czech Republic | 3.05 | 2023 | +4.86% | +4.02% | View data |
| 9 | 9 Ireland | 1.1 | 2023 | +4.98% | +3.96% | View data |
| 10 | 10 Portugal | 1.09 | 2023 | +3.33% | -0.87% | View data |
