Forecast: Total Support on Coal for All Beneficiaries or Sectors in Japan

Japan's forecasted total support on coal shows a consistent reduction from 2024 to 2028. In 2023, the support stood higher than it did in 2024, indicating a continued downward trend in financial backing for coal. The year-on-year decrease is notable: from 2024 to 2025 by -22.41%, 2025 to 2026 by -23.12%, 2026 to 2027 by -24.01%, and 2027 to 2028 by -25.55%. Over the five-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) suggests a substantial annual decline, aligning with global trends towards sustainable energy sources.

Future trends to watch for include:

  • Continued investments in renewable energy sources, potentially further reducing dependency on coal.
  • Policy changes and their effects on coal-related subsidies and support.
  • Technological advances in energy efficiency impacting fossil fuel consumption.

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