The coking coal energy supply in Germany is projected to decline steadily from 2024 through 2028. In 2024, the supply is anticipated to be 262.36 thousand terajoules, decreasing each subsequent year. By 2028, it is forecasted to reach 151.65 thousand terajoules. This translates into an average annual reduction of approximately 10% - 11% year-on-year. The compounded annual growth rate (CAGR) over this period is negative, indicating a significant contraction in supply. In 2023, the actual supply was significantly higher, highlighting the rapid transition underway.
Future trends to watch for:
- Germany’s increasing investment in renewable energy sources could expedite the decline in coking coal dependency.
- Potential policy changes towards stricter environmental regulations that could further impact coal utilization.
- Technological advancements and economic factors influencing the coking coal industry landscape.
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