As of 2023, the UK's gross inland consumption of renewables and biofuels stood at approximately 26 million tonnes of oil equivalent. Analyzing the forecast for 2024 through 2028, the consumption is expected to grow annually by roughly 4% year-on-year, from 27.17 to 31.45 million tonnes of oil equivalent. This reflects an anticipated compound annual growth rate (CAGR) of about 3.7% over the five-year period.
Future trends to watch for:
- Increased investments in green technologies and infrastructure.
- Policy support and regulatory frameworks for sustainable energy growth.
- Advancements in innovation driving the efficiency and adoption of renewable resources.