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

USD -
AED 3.672502
AFN 63.000171
ALL 80.457093
AMD 364.26286
ANG 1.790365
AOA 918.000118
ARS 1515.937596
AUD 1.421808
AWG 1.8
AZN 1.700406
BAM 1.719271
BBD 2.021123
BDT 123.385271
BGN 1.683441
BHD 0.378322
BIF 3015.506057
BMD 1
BND 1.282238
BOB 11.967247
BRL 5.167298
BSD 1.003494
BTN 96.024226
BWP 13.645973
BYN 3.038502
BYR 19600
BZD 2.018222
CAD 1.410125
CDF 2309.999959
CHF 0.824301
CLF 0.024397
CLP 963.329844
CNY 6.711349
CNH 6.715435
COP 3288.8
CRC 455.322571
CUC 1
CUP 26.5
CVE 96.924335
CZK 21.452403
DJF 178.696847
DKK 6.566809
DOP 59.694539
DZD 133.935033
EGP 51.421981
ERN 15
ETB 163.912608
EUR 0.8784
FJD 2.24075
FKP 0.750528
GBP 0.75515
GEL 2.615027
GGP 0.750528
GHS 11.625096
GIP 0.750528
GMD 74.000141
GNF 8825.403802
GTQ 7.659717
GYD 209.949851
HKD 7.842585
HNL 26.934944
HRK 6.618297
HTG 131.167861
HUF 320.976003
IDR 17904
ILS 3.03393
IMP 0.750528
INR 95.848603
IQD 1314.638595
IRR 1374574.999731
ISK 121.229777
JEP 0.750528
JMD 158.109403
JOD 0.709027
JPY 157.920501
KES 129.509885
KGS 87.449798
KHR 4069.900318
KMF 433.000173
KPW 900.000318
KRW 1371.735033
KWD 0.30919
KYD 0.836289
KZT 446.228832
LAK 22485.935302
LBP 89536.891783
LKR 330.148377
LRD 173.10397
LSL 16.369989
LTL 2.95274
LVL 0.60489
LYD 6.406329
MAD 9.606146
MDL 17.761955
MGA 4409.185804
MKD 54.084346
MMK 2099.577364
MNT 3597.923561
MOP 8.107421
MRU 40.17914
MUR 47.879631
MVR 15.44975
MWK 1740.028568
MXN 17.53345
MYR 4.0816
MZN 63.909722
NAD 16.36963
NGN 1325.460143
NIO 36.927972
NOK 9.493011
NPR 153.640463
NZD 1.762115
OMR 0.384496
PAB 1.003538
PEN 3.387908
PGK 4.470678
PHP 62.733001
PKR 278.093308
PLN 3.84524
PYG 5947.478299
QAR 3.658363
RON 4.633402
RSD 103.206033
RUB 84.79928
RWF 1481.149407
SAR 3.760068
SBD 8.000512
SCR 13.834074
SDG 601.497294
SEK 9.916099
SGD 1.27998
SHP 0.755002
SLE 24.65051
SLL 20969.491881
SOS 573.472922
SRD 37.822497
STD 20697.981008
STN 21.535906
SVC 8.780419
SYP 13002.000254
SZL 16.365674
THB 33.390191
TJS 9.287209
TMT 3.51
TND 2.964119
TOP 2.40776
TRY 48.857198
TTD 6.820349
TWD 31.835015
TZS 2649.997982
UAH 45.041292
UGX 3903.815472
UYU 40.223974
UZS 11841.856581
VES 852.43145
VND 25989
VUV 118.348377
WST 2.752527
XAF 576.192551
XAG 0.015605
XAU 0.000233
XCD 2.70255
XCG 1.808584
XDR 0.707052
XOF 576.192551
XPF 104.837044
YER 236.649659
ZAR 16.368203
ZMK 9001.198858
ZMW 19.543175
ZWL 321.999592
SSP 5712.590503
MXV 1.987175
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

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