According to foreign media reports,by the first half of 2024,the fossil fuel power generation in the German power sector has significantly decreased compared to the same period in 2023,with a specific decrease of 19%.This change is closely related to Germany’s active energy transformation strategy in recent years.Although renewable energy generation has increased since the first half of 2023,the growth rate is relatively slow,only 2.1%.This data clearly reflects that,against the backdrop of sluggish industrial production in Germany,German power companies are more inclined to achieve their energy transition goals by reducing fossil fuel usage,rather than relying excessively on incremental renewable energy.
The reduction of fossil fuel usage undoubtedly has a positive impact on the emission reduction efforts of the German power sector.According to statistics released by the German Environment Agency,the total carbon dioxide emissions in the first five months of 2024 were 70 million tons,a significant decrease from 88 million tons in the same period in 2023.This achievement not only reflects the active efforts of German power companies in energy conservation and emission reduction,but also provides strong reference for the global response to climate change.
However,it should be noted that sluggish industrial activity has also led to a decrease in the overall electricity demand in Germany so far this year.This resulted in a decrease of over 6%in the total electricity generation of power suppliers compared to the first half of 2023.This phenomenon has to some extent weakened the development momentum of power companies in the clean energy field,as lower electricity demand means that the investment return cycle of clean energy projects may be extended.
In terms of fossil fuel power generation,coal-fired power generation is the first to bear the brunt.In the first half of 2024,coal-fired power generation decreased by over 17%compared to the same period last year.To fill this gap,Deutsche Bahn has taken various measures.Among them,the production of natural gas plants increased by 5%from January to June 2024 compared to the first half of 2023,the power generation of fuel plants increased by 12%,and the power generation of coal to natural gas plants also increased by 3.7%.These measures have to some extent alleviated the pressure on electricity supply,but at the same time,they have also exposed the challenges faced by Germany in the process of energy transformation.
Overall,the total electricity generation of fossil fuels decreased by 19%in the first half of 2024,and by 24%in 2023 compared to the previous year.This trend indicates that the German power sector has made significant progress on the path of energy transformation.Since December 2022,the decline in fossil fuel power generation has led to clean energy accounting for the majority of the German power generation mix.In the first half of 2024,the share of clean energy in Germany’s power generation structure climbed to a new high of 64.6%,compared to 59.3%in the same period of 2023 and an average share of 61%for the whole year of 2023.This growth rate is remarkable.
However,despite significant achievements in energy transformation,Germany still faces severe challenges.With the intensification of global climate change,countries have an increasingly urgent need to reduce greenhouse gas emissions.For Germany,how to continuously promote the development of clean energy while ensuring stable electricity supply will be the key to the future energy transition