The forecast for fossil energy final consumption in Italy's mining and quarrying sector shows a gradual decline from 2024 to 2028. In 2023, the actual consumption was higher than the forecasted 4.1 thousand terajoules for 2024. Year-on-year decreases are slight, averaging at around 0.74% annually, with a compound annual growth rate (CAGR) of approximately -0.74% over the five-year forecast period. This indicates a consistent trend toward reduced reliance on fossil fuels.
Future trends to watch for:
- Italy's potential shift towards sustainable energy sources in mining and quarrying, driven by policy changes and technological innovations.
- Regulatory impacts and incentives for reducing carbon footprints in energy-intensive industries.
- Fluctuating global energy prices influencing sector dynamics.