In 2024, the forecast for total support on all fossil fuels for consumers in Germany stands at $4.02 billion, marking a decrease from 2023. Over the 2024-2028 forecast period, there is a clear downward trend, with values falling consistently each year to $3.24 billion by 2028. This trend indicates a year-on-year decrease averaging approximately 5%. The compound annual growth rate (CAGR) for the 2024-2028 period reflects an annual decline, signaling a strategic move away from fossil fuel support towards greener initiatives.
Future trends to watch for include Germany's policy shifts towards renewable energy, the potential impact of global energy price fluctuations, and regulatory changes aimed at reducing carbon emissions. Monitoring these factors will be crucial in understanding and forecasting future support levels for fossil fuels in Germany.
