Germany's Carbon Emissions Hit 70-Year Low, But Climate Goals Remain Unmet
Economic Struggles and Energy Efficiency Contribute to Emissions Drop, But Sustainability Concerns Loom
- Germany's carbon emissions have dropped to their lowest level in 70 years, helped by cuts in industrial production and lower coal generation.
- Despite the drop, Germany is still not on track to meet its climate goals, with only 15% of the overall emissions savings due to higher energy efficiency standards or more renewables in the mix.
- About half the reduction is due to demand reduction and production cuts from energy-intensive industries, linked to the crisis triggered by Russia’s war in Ukraine.
- Germany, the world’s worst performing major economy in 2023, is the only Group of Seven country forecast to contract by around 0.3% as it struggles from high inflation and higher energy prices.
- Emissions could start rising again if the economy picks up pace, with the housing and transport sectors having already missed successive climate targets from 2019 and 2020 respectively.