The Mining and Quarrying sector's final consumption of renewables and biofuels in France is projected to show a consistent upward trend from 2024 to 2028. In 2023, the consumption stood at 19.34 thousand tonnes of oil equivalent. Forecasted data reveals an increase from 19.87 in 2024 to 21.98 in 2028, marking an average compound annual growth rate (CAGR) of approximately 2.6% per year over this period. Year-on-year growth ranges from about 2.5% to 2.7%, indicating robust sector activity in transitioning towards sustainable fuel sources.
Future trends to watch include technological advancements in renewable energy harnessing, potential regulatory shifts towards greener energy policies, and economic factors affecting biofuel production costs. Monitoring these elements will provide insights into the sector's ability to further increase renewable adoption.
