Forecast: Solid Fossil Fuels Final Consumption in Industry in Italy

In 2023, the final consumption of solid fossil fuels in Italy's industry stood at 426.56 thousand tonnes of oil equivalent. From 2024, this figure is projected to decline steadily, with a year-on-year decrease from 389.47 in 2024 to 245.39 by 2028. This represents an average compound annual growth rate (CAGR) of -10.62% over this five-year period, indicating a strong downward trend.

Future trends to watch for include:

  • Potential shifts toward renewable energy sources as a result of environmental policies and regulations.
  • Technological advancements aimed at reducing carbon footprint in industrial processes.
  • Economic factors affecting the industrial demand for fossil fuels.

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