The forecast for the industry sector's final consumption of solid fossil fuels in the UK shows a consistent decline from 2024 to 2028. In 2023, this consumption stood at a higher value than the start of the forecast in 2024. From 2024 to 2025, the year-on-year consumption decreases by 9%, followed by declines of 9.5% from 2025 to 2026, 10.5% from 2026 to 2027, and 11.3% from 2027 to 2028. The compound annual growth rate (CAGR) indicates an average decline of approximately 8.52% over these five years.
Future trends to watch for include the continued shift towards renewable energy sources, which could accelerate the decline in solid fossil fuel usage. Policies related to carbon emissions and technological advancements in alternative energy may also significantly shape the sector’s consumption patterns.
