The direct transfer on all fossil fuels in Germany is projected to decrease from 1.79 billion USD in 2024 to 1.52 billion USD by 2028. This steady decline represents a compound annual growth rate (CAGR) in reduction terms over five years. Compared to 2023, the forecast indicates a progressive reduction year-on-year, reflecting potential transitions towards cleaner energy sources and enhanced regulatory policies limiting fossil fuel subsidies.
Looking forward, the focus should be on:
- Germany's energy transition policies and their impact on fossil fuel usage.
- Adoption and investment in renewable energy sources.
- Potential changes in international energy prices affecting local subsidy requirements.
- Economic and political factors that may alter energy and environmental legislation.