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EMISSIONS: German Emissions Fall to Record Low in 2024, Outlook Gloomy

EMISSIONS
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

German GHG emissions declined by 18mn tons, or 3%, on the year to a total of 656mn tons CO2e in 2024 – reaching a new record low, according to a study from Agora Energiewende. 

  • This means Germany overachieved its annual target under the Climate Protection Act by 36mn tons CO2e.
  • Despite that, Germany missed EU climate targets agreed as part of the Effort Sharing Regulation (ESR) by around 12mn tons of CO2e amid insufficient emissions reduction in buildings and transport.
  • Building sector emissions totalled 105mn tons CO2e – above the Climate Protection Act target of 96mn tons CO2e.
  • Transport sector emissions stood at 144mn tons CO2e in 2024, missing the annual target defined in the Climate Protection Act by 19mn tons CO2e.
  • Due to the failure to meet the targets for buildings and transport, the German government will have to buy emission allowances from other EU member states in the near future or face fines.
  • The largest contribution to emission reductions were seen in the energy sector with the closure of 6.1GW of coal capacity and the ongoing ramp up of renewables. Emissions in the energy sector fell to 183mn tons of CO2e last year, down by 18mn tons, or 9%, on the year.
  • In contrast, industrial emissions edged higher by 3mn tons CO2e on the year to 158mn tons CO2e in 2024.
  • “Rising industrial emissions combined with a stagnating economy show how urgently we need structural measures for climate protection. Industry in particular has enormous potential to switch from fossil fuels to electricity-based processes,” Simon Müller, director of Agora Energiewende Germany, said.
  • Germany’s GHG emissions were down by 48% compared with 1990 in 2024. 
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German GHG emissions declined by 18mn tons, or 3%, on the year to a total of 656mn tons CO2e in 2024 – reaching a new record low, according to a study from Agora Energiewende. 

  • This means Germany overachieved its annual target under the Climate Protection Act by 36mn tons CO2e.
  • Despite that, Germany missed EU climate targets agreed as part of the Effort Sharing Regulation (ESR) by around 12mn tons of CO2e amid insufficient emissions reduction in buildings and transport.
  • Building sector emissions totalled 105mn tons CO2e – above the Climate Protection Act target of 96mn tons CO2e.
  • Transport sector emissions stood at 144mn tons CO2e in 2024, missing the annual target defined in the Climate Protection Act by 19mn tons CO2e.
  • Due to the failure to meet the targets for buildings and transport, the German government will have to buy emission allowances from other EU member states in the near future or face fines.
  • The largest contribution to emission reductions were seen in the energy sector with the closure of 6.1GW of coal capacity and the ongoing ramp up of renewables. Emissions in the energy sector fell to 183mn tons of CO2e last year, down by 18mn tons, or 9%, on the year.
  • In contrast, industrial emissions edged higher by 3mn tons CO2e on the year to 158mn tons CO2e in 2024.
  • “Rising industrial emissions combined with a stagnating economy show how urgently we need structural measures for climate protection. Industry in particular has enormous potential to switch from fossil fuels to electricity-based processes,” Simon Müller, director of Agora Energiewende Germany, said.
  • Germany’s GHG emissions were down by 48% compared with 1990 in 2024.