The forecast for fossil energy final consumption in domestic navigation in the UK shows a gradual decline from 2024 through 2028. The 2024 prediction, 35.95 thousand terajoules, is slightly lower than the 2023 actual consumption. Each subsequent year, from 2025 to 2028, reflects a consistent decrease. The year-on-year percentage change sees a slight reduction annually, which cumulatively results in a modest negative compound annual growth rate over this forecast period. This trend suggests a steady transition towards potentially more sustainable energy sources or efficiencies in energy consumption within the domestic navigation sector.
Future trends to watch for include potential impacts from new technological advancements in energy efficiency, changes in government regulation aimed at reducing carbon emissions, and shifting economic factors that may influence energy demand. These elements could accelerate or decelerate the downward trajectory currently forecasted.
