In 2023, total support for fossil fuels in electricity generation in Germany stood significantly below the 2024 forecast of $1.8 billion. From 2024 to 2028, support shows a consistent decline, with a year-on-year decrease ranging from 3.3% to 4.2%, reflecting Germany's ongoing energy transition efforts. The compound annual growth rate (CAGR) over this five-year period is negative, indicating a steady reduction trend.
Future trends to watch for:
- Germany's shift towards renewable energy sources and the impact on fossil fuel support levels.
- Policy changes and their potential acceleration of fossil fuel phase-out timelines.
- Global energy price fluctuations influencing domestic strategy.