The final consumption of solid fossil fuels in the UK's paper, pulp, and printing sectors is forecasted to progressively decline from 1.73 thousand Terajoules in 2024 to 1.1 thousand Terajoules by 2028. This downward trend represents a year-on-year reduction, averaging approximately 10% between 2024 and 2028. Notably, the compound annual growth rate (CAGR) over these five years indicates a significant shift away from solid fossil fuels within these industries.
Future trends to watch for include:
- Technological advancements and increased focus on renewable energy could further accelerate the decline in fossil fuel consumption.
- Regulatory changes aimed at reducing carbon footprints may push these sectors towards more sustainable practices.
- Economic factors and market demand could influence the pace of this transition.