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Germany to Rely on Fossil-Fuel Cuts to Meet Emissions Targets

POWER

Germany's power sector has cut fossil-fuel output by 19% on the year in 1H 2024, compared to a 2.1% rise in renewables – which indicates that firms are mainly relying on cuts from fossil fuels to progress their energy transition goals, according to XM.

  • German power sector emissions dropped to 70mn metric tons of CO2 in the first 5 months of 2024 from 88mn tons in the same period in 2023 due to these fossil fuel cuts.
  • If Germany's manufacturing and industrial activity pick up, power needs may increase, leading to pressure on suppliers to raise fossil fuel output to meet demand.
  • And utilities have been unable to offset all the cuts to fossil fuel use – despite renewables making up a record share in 1H 2024- with growth from renewable energy sources, especially after Germany shut its national nuclear reactor fleet in April 2023.
  • The build-out of an entire renewable system may take several more years. Until then, further periods of renewable.
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