The fossil energy available for final consumption in the UK is projected to decline steadily from 2024 through 2028. In 2023, this value stood at 103.0 Million Tonnes of Oil Equivalent. The year-on-year variations indicate a consistent reduction, with approximately a 1.3% decrease expected each year. This trend suggests a shift away from fossil energy in line with global and national sustainability goals. Moreover, the compound annual growth rate (CAGR) over the five-year period is anticipated to be approximately -1.25%, reflecting a gradual reduction in dependency on fossil fuels.
Future trends to watch include advances in renewable energy adoption, government policies impacting fossil fuel consumption, technological innovations in energy efficiency, and potential economic shifts that could influence energy consumption patterns. Observing these factors will be crucial in understanding the evolving energy landscape in the UK.
