Zürcher Nachrichten - Pace of German emissions cuts slows in 2024: study

EUR -
AED 4.2881
AFN 75.895344
ALL 92.614205
AMD 422.257532
ANG 2.089794
AOA 1071.878386
ARS 1748.233453
AUD 1.640624
AWG 2.103183
AZN 1.993783
BAM 1.956075
BBD 2.338059
BDT 141.850542
BGN 1.980718
BHD 0.437762
BIF 3469.821346
BMD 1.167624
BND 1.481765
BOB 13.412885
BRL 6.047706
BSD 1.160878
BTN 111.098137
BWP 15.67827
BYN 3.530842
BYR 22885.432131
BZD 2.334658
CAD 1.611146
CDF 2654.009048
CHF 0.93358
CLF 0.027349
CLP 1076.374527
CNY 7.857818
CNH 7.852435
COP 3564.849752
CRC 519.473002
CUC 1.167624
CUP 30.942038
CVE 110.281915
CZK 24.166608
DJF 206.711705
DKK 7.475853
DOP 68.199584
DZD 154.809475
EGP 59.256811
ERN 17.514361
ETB 189.612247
FJD 2.56737
FKP 0.862168
GBP 0.858175
GEL 3.032061
GGP 0.862168
GHS 12.912819
GIP 0.862168
GMD 85.817112
GNF 10199.65176
GTQ 8.858207
GYD 242.845409
HKD 9.157045
HNL 31.125507
HRK 7.534906
HTG 151.83719
HUF 363.755184
IDR 20749.088718
ILS 3.478644
IMP 0.862168
INR 111.666372
IQD 1520.733248
IRR 1605016.071878
ISK 142.216693
JEP 0.862168
JMD 183.426563
JOD 0.827812
JPY 185.200947
KES 151.148965
KGS 102.108462
KHR 4693.840534
KMF 492.737444
KPW 1050.862022
KRW 1628.613565
KWD 0.359944
KYD 0.967348
KZT 536.212243
LAK 26142.785841
LBP 103953.244182
LKR 384.175634
LRD 210.691413
LSL 18.860593
LTL 3.44769
LVL 0.706285
LYD 7.388133
MAD 10.763413
MDL 20.01907
MGA 5002.724465
MKD 61.533647
MMK 2451.130146
MNT 4200.120025
MOP 9.375177
MRU 46.442527
MUR 54.667901
MVR 18.039921
MWK 2012.891495
MXN 19.802666
MYR 4.720715
MZN 74.605354
NAD 18.860593
NGN 1569.812551
NIO 42.718381
NOK 10.885515
NPR 177.757981
NZD 1.96113
OMR 0.448954
PAB 1.160863
PEN 3.909066
PGK 5.141723
PHP 71.901712
PKR 322.162313
PLN 4.317348
PYG 6983.071052
QAR 4.232149
RON 5.247886
RSD 117.324023
RUB 97.202654
RWF 1710.447697
SAR 4.385715
SBD 9.378658
SCR 17.224799
SDG 702.342874
SEK 11.019061
SGD 1.484733
SHP 0.865053
SLE 28.714468
SLL 24484.492417
SOS 663.396069
SRD 44.068443
STD 24167.461204
STN 24.504388
SVC 10.157558
SYP 15181.448286
SZL 18.865894
THB 38.371598
TJS 10.708697
TMT 4.086684
TND 3.392662
TOP 2.811359
TRY 55.979166
TTD 7.87414
TWD 37.219776
TZS 3093.004674
UAH 51.902216
UGX 4329.274702
USD 1.167624
UYU 46.526937
UZS 13697.98366
VES 906.595126
VND 30545.04615
VUV 138.031249
WST 3.171147
XAF 656.052006
XAG 0.017429
XAU 0.00026
XCD 3.155563
XCG 2.092121
XDR 0.825571
XOF 656.057625
XPF 119.331742
YER 276.814467
ZAR 18.797651
ZMK 10510.016324
ZMW 21.736334
ZWL 375.97448
  • RYCEF

    0.0200

    20.83

    +0.1%

  • CMSD

    0.0600

    21.15

    +0.28%

  • AZN

    4.8500

    164.95

    +2.94%

  • RBGPF

    0.3500

    69.35

    +0.5%

  • GSK

    1.7300

    52.88

    +3.27%

  • BCE

    0.3400

    23.7

    +1.43%

  • RIO

    3.7500

    100.44

    +3.73%

  • CMSC

    0.0580

    21.298

    +0.27%

  • BTI

    -0.4000

    55.98

    -0.71%

  • NGG

    -1.4900

    80.66

    -1.85%

  • VOD

    0.0400

    16.17

    +0.25%

  • BCC

    2.9500

    83.13

    +3.55%

  • JRI

    -0.0600

    12.38

    -0.48%

  • BP

    0.3200

    43.73

    +0.73%

  • RELX

    0.5900

    35.1

    +1.68%

Pace of German emissions cuts slows in 2024: study
Pace of German emissions cuts slows in 2024: study / Photo: John MACDOUGALL - 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.

J.Hasler--NZN