The support for coal in Germany is projected to decrease steadily from $1.35 billion USD in 2024 to $0.878 billion USD in 2028. As of 2023, support for coal stood higher than the forecast for subsequent years. The year-on-year percentage variation shows a consistent decline, with significant percent reductions from 2024 through 2028, resulting in a compound annual growth rate (CAGR) over five years that indicates a downward trend.
The future trends to watch for include Germany's energy policy shifts towards renewable energy and the potential impact of European Union carbon reduction commitments, which could further decrease fossil fuel support. Monitoring energy prices and regulatory changes will be crucial for understanding the evolving landscape of coal support. Additionally, technological advancements in energy production and storage could accelerate the transition away from coal.
