In 2023, greenhouse gas emissions in the sector were approximately 58.0 metric tons of CO2 equivalent per USD. Forecasts indicate a gradual increase, with emissions rising from 59.0 in 2024 to 62.0 by 2028. The year-on-year percentage increase from 2024 to 2025 is approximately 1.7%, and from 2025 to 2026 is similarly 1.7%. The compounded annual growth rate (CAGR) from 2024 to 2028 is predicted to average around 1.3% annually, indicating a consistent upward trend in emissions.
Future trends to watch for include:
- Technological advancements and their impact on emission efficiency.
- Potential new regulations or policies aimed at reducing emissions.
- Shifts in industry practices towards more sustainable production methods.
