In 2023, Germany's total support for all fossil fuels for all beneficiaries or sectors was $8.0 billion USD. Forecast data indicates a decline from $7.6 billion in 2024 to $6.18 billion by 2028. This predicts a consistent decrease, with year-on-year reductions of 4.70% (2024-2025), 4.97% (2025-2026), 5.09% (2026-2027), and 5.36% (2027-2028). The CAGR from 2024-2028 is expected to be -3.87%.
Future trends to watch for:
- The transition toward renewable energy sources could accelerate, reducing reliance on fossil fuel support.
- Germany's regulatory policies and international obligations could influence further reductions.
- Technological advancements may impact the energy sector's dynamics and future support structures.