The forecast for total support on all fossil fuels for general services in Germany shows a consistent downward trend from 2024 to 2028. The year-over-year decline is about 1.8% on average from 2024 levels of 431.75 million USD in 2020 constant terms. This trend is a continuation of efforts to phase out fossil fuel support in alignment with environmental objectives. In 2023, the value of support stood slightly higher, reflecting ongoing fiscal policies towards sustainable energy transition.
Future trends to watch for include:
-Continued government incentives aimed at reducing fossil fuel dependency.
-Increased investment and support for renewable energy solutions as part of Germany's energy policy.
-Potential economic and legislative changes impacting fossil fuel subsidies and alternative energy development.
