Germany’s emissions fell to 70-year low in 2023. Will they continue to drop in 2024?

illuminem summarizes for you the essential news of the day. Read the full piece on Euronews or enjoy below:

🗞️ Driving the news: Germany's greenhouse gas emissions fell to a 70-year low in 2023
• The country emitted 675 million tonnes of CO2e in 2023, 73 million tonnes fewer than the previous year
• However, only a small portion of the reductions represents long-term savings, underscoring the need for more permanent solutions

🔭 The context: Emission levels of 2023 represents a 46% reduction compared to 1990, marking the lowest level since the 1950s
• This is primarily due to a significant decrease in coal-fired power generation and industrial stagnation

🌍 Why it matters for the planet: Germany’s significant advancements in reducing GHG emission represent a positive step in the direction of meeting climate goals
• However, only about 15% of the emission reductions are long-term, with the rest attributed to short-term factors like the economic downturn and lower electricity consumption

⏭️ What's next: Stronger climate policies and a continued focus on renewable energy are crucial to ensure Germany stays on track with its climate goals
• Tax and levy reforms could further incentivize the transition to electric vehicles and heat pumps

💬 One quote: “Emissions reductions were not seen in the building and transport sectors, making it likely that Germany will miss its EU emissions targets for 2024 under the ‘Effort Sharing Regulation’” (Angela Symons, Euronews)

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