In 2023, Italy's final consumption of solid fossil fuels in the industry sector was at 450.00 thousand tonnes of oil equivalent. The forecasted data for 2024 through 2028 shows a consistent decline: from 416.76 in 2024 to 293.61 in 2028. This marks a notable downward trajectory with year-on-year reductions of around 7-8%. The compound annual growth rate (CAGR) between 2024 and 2028 indicates an average decrease of approximately 8.0% per year.
Future trends to watch for:
- Potential acceleration in the adoption of alternative energy sources.
- Regulatory shifts aimed at reducing carbon emissions further affecting fossil fuel consumption.
- Technological innovations in energy efficiency within industrial processes.