The forecast for the availability of solid fossil fuels for final consumption in the UK from 2024 to 2028 shows a steady decline. Starting at 43.11 thousand terajoules in 2024, this value is projected to fall to 23.75 by 2028. When comparing the forecasted figures to the historical data of 2023, there is a significant downward trajectory. From 2024 to 2025, there is a decrease of approximately 11.57%. In the following years, the decline continues: 12.84% from 2025 to 2026, 14.4% from 2026 to 2027, and 16.42% from 2027 to 2028, resulting in a compound annual growth rate (CAGR) of -13.16% over this five-year span.
Future trends to watch include ongoing policy impacts and innovations in energy efficiency, which may further influence the reduction in demand for solid fossil fuels. Advancements in renewable energy technology and increasing regulatory pressure could accelerate this decline, reshaping the energy landscape within the UK. Monitoring these elements will be crucial for stakeholders in adjusting to and capitalizing on market shifts.
