In 2023, the total support for fossil fuels in Germany was reported at 4.5 billion USD. Forecasted data for 2024 to 2028 indicates a steady decline in support, decreasing from 4.3 billion USD in 2024 to 3.57 billion USD in 2028.
Year-on-year variations include a 4.19% reduction from 2024 to 2025, 4.67% from 2025 to 2026, 4.58% from 2026 to 2027, and 4.8% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years shows an average annual decline of approximately 4.4%.
Future trends to watch for include the potential impact of European Union policies promoting renewable energy sources, which may accelerate the decline in support for fossil fuels. Additionally, technological advancements and market shifts towards sustainable energy solutions could further influence these forecasts.
