As of 2023, total support on coal in Germany stood at $3.40 billion USD. Forecasts indicate a consistent decline in support from 2024 to 2028, with values dropping from $3.16 billion USD in 2024 to $2.32 billion USD in 2028. The year-on-year decrease ranges from approximately 6.96% in 2024 to 7.94% in 2028, while the compound annual growth rate (CAGR) over the five-year period (2024-2028) highlights an average annual decline of around 6.25%.
Future trends to watch for include policy shifts towards renewable energy, potential regulatory changes impacting coal industries, and technology innovations in clean energy that could further accelerate the decline in coal support. Germany's commitment to reducing its carbon footprint might drive faster transitions in energy support dynamics.
