Forecast: Renewables and Biofuels Final Consumption in Domestic Navigation in France

As of 2023, the actual renewables and biofuels consumption in domestic navigation in France stood significantly lower compared to the forecasted 219.82 terajoules for 2024. Over the forecast period from 2024 to 2028, there is a steady increase observed year-on-year: 3.95% from 2024 to 2025, 3.04% from 2025 to 2026, 2.36% from 2026 to 2027, and 1.85% from 2027 to 2028. The compound annual growth rate (CAGR) anticipated over these five years averages at around 2.80%, indicating a positive growth momentum in the sector.

Future trends to watch for:

  • Technological advances reducing costs of renewables and biofuels, making them more competitive.
  • Regulatory changes and government incentives promoting green energy use in maritime transport.
  • Potential integration of alternative energy solutions, such as hydrogen or electric power, alongside biofuels.
  • Economic factors impacting fuel prices and influencing renewable adoption rates.
  • Global moves towards carbon reduction targets influencing local maritime policies.

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