The Fort Worth Press - Pace of German emissions cuts slows in 2024: study

USD -
AED 3.672496
AFN 63.499831
ALL 82.257093
AMD 368.070326
ANG 1.790403
AOA 918.000251
ARS 1461.5157
AUD 1.430584
AWG 1.8
AZN 1.699751
BAM 1.707839
BBD 2.014862
BDT 122.896637
BGN 1.69088
BHD 0.37695
BIF 2985
BMD 1
BND 1.293759
BOB 6.91239
BRL 5.158099
BSD 1.000358
BTN 94.655909
BWP 13.576786
BYN 2.799012
BYR 19600
BZD 2.011981
CAD 1.416315
CDF 2264.999797
CHF 0.809065
CLF 0.023031
CLP 906.449743
CNY 6.774798
CNH 6.778565
COP 3445.05
CRC 453.811158
CUC 1
CUP 26.5
CVE 96.87499
CZK 21.17645
DJF 177.720059
DKK 6.54281
DOP 58.291712
DZD 133.536016
EGP 49.741198
ERN 15
ETB 161.283979
EUR 0.87533
FJD 2.251302
FKP 0.755695
GBP 0.755093
GEL 2.650323
GGP 0.755695
GHS 11.230007
GIP 0.755695
GMD 72.999698
GNF 8777.504172
GTQ 7.628428
GYD 209.275317
HKD 7.83945
HNL 26.762371
HRK 6.593902
HTG 130.677006
HUF 308.422497
IDR 17965
ILS 2.97135
IMP 0.755695
INR 94.70085
IQD 1310.524891
IRR 1374999.999882
ISK 126.050215
JEP 0.755695
JMD 158.06984
JOD 0.70896
JPY 161.558494
KES 129.419543
KGS 87.450283
KHR 4016.800706
KMF 429.497004
KPW 900.00035
KRW 1541.859863
KWD 0.30866
KYD 0.833661
KZT 487.587213
LAK 22093.277098
LBP 89584.959701
LKR 334.503445
LRD 182.07459
LSL 16.436923
LTL 2.95274
LVL 0.60489
LYD 6.396659
MAD 9.325876
MDL 17.591841
MGA 4219.387176
MKD 53.93993
MMK 2099.917974
MNT 3579.231668
MOP 8.077961
MRU 40.000349
MUR 47.809815
MVR 15.460512
MWK 1736.000022
MXN 17.37015
MYR 4.147098
MZN 63.89974
NAD 16.436923
NGN 1366.65962
NIO 36.814852
NOK 9.70485
NPR 151.449105
NZD 1.752587
OMR 0.384501
PAB 1.000358
PEN 3.385028
PGK 4.456902
PHP 61.130966
PKR 278.233656
PLN 3.74025
PYG 6098.551332
QAR 3.646906
RON 4.5841
RSD 102.777034
RUB 74.251001
RWF 1465.171718
SAR 3.753791
SBD 8.061424
SCR 13.283564
SDG 600.498943
SEK 9.626925
SGD 1.293885
SHP 0.746601
SLE 24.749912
SLL 20969.503664
SOS 571.695527
SRD 37.4305
STD 20697.981008
STN 21.39383
SVC 8.753133
SYP 110.532098
SZL 16.433081
THB 32.980139
TJS 9.278635
TMT 3.5
TND 2.957937
TOP 2.40776
TRY 46.470097
TTD 6.784027
TWD 31.702102
TZS 2628.231975
UAH 44.991835
UGX 3651.795772
UYU 40.002096
UZS 11989.276889
VES 606.63266
VND 26320
VUV 118.352303
WST 2.751796
XAF 572.793161
XAG 0.015452
XAU 0.000239
XCD 2.70255
XCG 1.802932
XDR 0.71169
XOF 571.999874
XPF 104.139924
YER 238.567185
ZAR 16.410199
ZMK 9001.198041
ZMW 17.731555
ZWL 321.999592
  • RBGPF

    0.3600

    61.5

    +0.59%

  • CMSC

    -0.2100

    22.16

    -0.95%

  • RYCEF

    0.1900

    18.45

    +1.03%

  • CMSD

    -0.2100

    22.08

    -0.95%

  • RELX

    -0.3500

    30.83

    -1.14%

  • RIO

    -0.7200

    99.36

    -0.72%

  • NGG

    1.5300

    80.97

    +1.89%

  • AZN

    1.5000

    176.43

    +0.85%

  • VOD

    -0.1800

    14.12

    -1.27%

  • BCE

    -0.6300

    22.65

    -2.78%

  • GSK

    0.0700

    50.74

    +0.14%

  • BCC

    -2.1200

    72.54

    -2.92%

  • JRI

    -0.0200

    12.65

    -0.16%

  • BP

    0.6800

    39.78

    +1.71%

  • BTI

    -0.0100

    58.9

    -0.02%

Pace of German emissions cuts slows in 2024: study
Pace of German emissions cuts slows in 2024: study / Photo: © AFP/File

Pace of German emissions cuts slows in 2024: study

German greenhouse gas emissions fell again in 2024 but at a slower rate, due to lagging green investment by industry and households, according to a study published Tuesday.

Text size:

Emissions in Europe's biggest economy fell three percent in 2024, a "marked slowdown" from a 10-percent drop in 2023, according to the Agora Energiewende think tank.

Germany reflects a trend across the EU, where a 3.8-percent drop is expected in 2024, after eight percent in 2023.

However, the study says that the 2024 emissions total of 656 million tonnes does represent a "historic low" and the year's 18 million-tonne drop is larger than the emissions target enshrined in domestic law.

Emissions are down 48 percent from 1990 levels, nearing the EU target of a 55-percent cut by 2030.

But progress continues to lag in sectors such as transport, construction and building use, while industrial emissions actually saw a slight rise of two percent despite Germany's general economic stagnation.

- Investment held back -

Agora Energiewende said that 2023's sharp drop was largely attributable to a slowdown in Germany's ailing industrial sector, where emissions fell 12 percent, and not to long-term changes in production methods.

This seems to be borne out by the latest figures; with the economy predicted not to have shrunk by as much as it did in 2023, industrial emissions have dragged down the overall picture.

Agora Energiewende noted that "in contrast to the electricity sector, no structural progress was visible in industry, building use and transport".

"On the contrary, investments in climate-neutral technologies actually went backwards in comparison with the previous year," the think tank said.

Germany will hold an early general election next month following the recent collapse of Chancellor Olaf Scholz's coalition, and the study notes that economic and political uncertainty is holding back investment by both households and businesses.

Sales of heat pumps were down 44 percent on the previous year, with new electric vehicle registrations down 26 percent.

The slight fall in emissions from building use was only due to milder winter weather resulting in less need for heating.

- Political divide -

Eighty percent of the fall in emissions for 2024 is thanks to record high production of renewable energy and the continued closure of coal-fired power stations.

Germany's energy regulator said Friday that renewable sources such as wind, solar and biomass had risen to 59 percent of electricity generation from 56 percent.

"In the electricity sector, the climate protection measures taken in recent years are increasingly bearing fruit," said Agora Energiewende director Simon Mueller.

He appealed to political parties currently engaged in election campaigning to take the electricity sector as an example of what needs to be done in the rest of the economy.

The extent to which public funds should be used to support the green transition is a key dividing line between Scholz's Social Democrats and the conservative CDU/CSU opposition.

Scholz has advocated an "investment campaign" but CDU/CSU leader Friedrich Merz, currently riding high in opinion polls, has said he is opposed to such an idea.

S.Jordan--TFWP