Forecast: Domestic Extraction Used of Fossil Fuel in the UK

In 2023, the Domestic Extraction Used of Fossil Fuel in the UK stood at 73.45 million metric tons. Forecasted values show a declining trend from 69.89 million metric tons in 2024 to 53.99 million metric tons in 2028. This reflects a consistent reduction, with a year-on-year decrease of approximately 5-7%. The Compound Annual Growth Rate (CAGR) over this period indicates an average annual decline of 6.08%.

Future trends to watch for include:

  • Impact of renewable energy initiatives and policies aimed at reducing fossil fuel dependency.
  • Technological advancements in energy efficiency and alternative energy sources.
  • Potential fluctuations in global fossil fuel demand and supply affecting domestic extraction levels.

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