In 2024, the forecast for total support on fossil fuels for producers in Germany is expected to be 2.46 billion USD. This represents a continuation of a declining trend, as values were higher in previous years. By 2028, this figure is forecasted to gradually decrease to 1.64 billion USD, showing a compound annual growth rate of -9.63% over the five-year period. From 2024 to 2025, the support is predicted to decline by 8.54%, and the trend continues in the following years with decreasing annual percentages until 2028.
Future trends to watch for include:
- The impact of policy changes on fossil fuel support as Germany prioritizes renewable energy investments.
- Adjustments in global fossil fuel demand and prices potentially influencing future forecasts.
- European Union regulations that may accelerate the decline in fossil fuel support.