Forecast: Fossil Energy Gross Electricity Production in Germany

The data indicates a general decline in fossil energy gross electricity production in Germany from 2013 to 2023, with values decreasing from 32.81 million tonnes of oil equivalent in 2013 to 22.06 million tonnes of oil equivalent in 2023. Notably, the most significant year-on-year variations include a notable drop in 2019 (15.11%) and a substantial decrease in 2020 (11.51%), while a temporary increase occurred in 2021 (11.56%). Over the last five years, the Compound Annual Growth Rate (CAGR) stands at -5.18%.

From 2024 onwards, the forecasted data suggests continued decline, projecting a significant reduction in fossil energy production, anticipated to reach 15.58 million tonnes of oil equivalent by 2028. The forecasted 5-year CAGR is -5.5%, indicating a decline of 24.63% between 2024 and 2028.

Future trends to watch for include further advancements in renewable energy technologies, regulatory changes impacting fossil fuel usage, and international agreements on carbon emissions that could accelerate the shift away from fossil energy sources. These factors will continue to influence the downward trend in fossil energy production in Germany.