Forecast: Fossil Energy Production in Germany

The production of fossil energy in Germany has seen a significant decline over the past decade, with a noticeable decrease from 2.5855 million terajoules in 2013 to 1.4588 million terajoules in 2023. In 2023, the production level stood at 1.4588 million terajoules, marking a -5.32% year-on-year variation. Over the last two years, the year-on-year variation reached -4.68% in 2022 and -5.32% in 2023. The last five years have experienced a compound annual growth rate (CAGR) of -7.07%, indicating a consistent downward trend.

Looking forward, the forecasted data suggests that this decline will continue, with production expected to drop to 0.85008 million terajoules by 2028. The forecasted five-year CAGR stands at -8.63%, which translates to a projected decrease of 36.3% in overall production. Future trends to watch include the transition to renewable energy sources, regulatory changes, and technological advancements in energy efficiency and sustainability.