In 2023, Japan's total support for fossil fuel production was at 3.08 billion USD (constant 2020). The forecasted data from 2024 indicates a steady growth, reaching 3.24 billion by 2028. The yearly change from 2024 to 2025 is approximately 0.96%, from 2025 to 2026 it is 0.96%, from 2026 to 2027 it grows by 1.26%, and from 2027 to 2028 by 0.93%. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is about 0.97%.
Future trends to watch include the impact of Japan's energy policy shifts towards renewable energy sources, potential government interventions, and shifts in global energy markets, which could influence the level of support for fossil fuels.
