The forecast for fossil energy consumption in the UK's paper, pulp, and printing sectors shows a significant decline from 2024 to 2028. Starting at 19.85 Thousand Terajoules in 2024, it decreases steadily each year, culminating in 8.65 Thousand Terajoules in 2028. Notably, in 2023, actual consumption stood at around 23.2 Thousand Terajoules. The year-on-year reductions highlight a clear downward trend, driven by the sector's shift towards sustainable and renewable energy sources.
Key trends and variations:
- 2024 to 2025: Approximately -14.5% change
- 2025 to 2026: Close to -16.7% decline
- 2026 to 2027: Roughly -19.6% reduction
- 2027 to 2028: About -23.8% decrease
The forecasted Compound Annual Growth Rate (CAGR) from 2024 to 2028 is negative, reflecting an average annual decline over the five-year period.
Future trends to watch for include the increasing adoption of energy efficiency measures and technologies, regulatory shifts towards greener practices, and potential advancements in alternative fuel options specific to these industries.
