In 2023, the agriculture and forestry sector's final consumption of renewables and biofuels in the UK stood at a certain level of energy value, and the forecast for 2024 shows no change. From 2024 to 2028, the sector is predicted to experience a decline, dropping from 4.12 Thousand Terajoules in 2024 to 3.69 Thousand Terajoules in 2028. This represents a year-on-year decline in volume of approximately 3% on average. The average compound annual growth rate (CAGR) for the period is negative, indicating a consistent decrease.
- Watch for advancements in technology for biofuel production, which could influence future consumption patterns.
- Changes in government policies and subsidies for renewables and their impact on sector dynamics.
- The role of sustainability commitments in transforming energy consumption within agriculture and forestry.
