In 2023, Indonesia stands out with the highest total support on coal for producers relative to GDP. Argentina exhibited a moderate rise, while Belarus and Poland experienced notable reductions. South Korea and Russia showed slight increases, whereas Canada remained stable. The United States saw a significant decrease. Over five years, the Compound Annual Growth Rate (CAGR) indicates Belarus and Poland endured declines, while Argentina advanced modestly.
Future trends worth observing include:
- A potential decline in coal support as countries transition to greener energy sources.
- The impact of climate policies, especially in nations with moderate or declining support.
- Indonesia's trajectory in balancing economic growth with environmental obligations.
Top countries in Total Support on Coal for Producers by Country
| # | 8 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 0.097 | 2023 | +3.19% | View data | |
| 2 | 2 Argentina | 0.018 | 2023 | -10% | +2.38% | View data |
| 3 | 3 Belarus | 0.014 | 2023 | 0% | -17.21% | View data |
| 4 | 4 South Korea | 0.007 | 2023 | 0% | +6.96% | View data |
| 5 | 5 Russia | 0.005 | 2023 | +25% | +4.56% | View data |
| 6 | 6 Poland | 0.003 | 2023 | -80% | -38.46% | View data |
| 7 | 7 Canada | 0.001 | 2023 | -100% | View data | |
| 8 | 8 United States | 0.001 | 2023 | 0% | -12.94% | View data |
