In 2023, the final consumption of renewables and biofuels in Italy's iron and steel sectors was at a measured value. From 2024 onwards, consumption is forecasted to start at 4.0 tonnes of oil equivalent, remaining stable until 2026 before rising to 5.0 tonnes in 2027 and maintaining this level through 2028.
Trends and variations indicate:
- A steady consumption level from 2024 to 2026, followed by a 25% increase in 2027.
- The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is anticipated to show moderate upward movement.
Future trends to watch include the potential for further policy changes or technological advancements that could incrementally increase the adoption of renewables and biofuels. The broader shift toward decarbonization across industries may also drive higher consumption beyond current forecasts.
