Forecast: Renewables and Biofuels Final Consumption in Mining and Quarrying in France

In 2023, the consumption of renewables and biofuels in the mining and quarrying sector in France was at 19.34 thousand tonnes of oil equivalent. Moving forward to the forecasted data, there is an observable upward trend from 2024 to 2028, with a year-on-year growth rate ranging from approximately 2.7% to 2.5%. The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 2.5%, indicating steady growth in the adoption of renewables and biofuels.

Future trends to watch for:

  • Technological advancements in renewable energy infrastructure that could accelerate growth.
  • Government policy changes aimed at decarbonization and sustainability in the mining sector.
  • Volatility in global energy prices potentially impacting biofuels' competitiveness.
  • Increase in climate awareness and pressure from stakeholders to adopt cleaner energy sources.

Top Countries about Biofuel