IEA Predicts Increased Demand for Green Fuels in the Global Market

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Adi Ahdiat 06/07/2022 12:40 WIB

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The IEA predicts that the demand for green fuels will continue to increase in the coming years.

Global Green Fuel Demand Volume for the Transportation Sector (2019-2023)

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IEA Predicts Increased Demand for Green Fuels in the Global Market

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Global Green Fuel Demand Volume for the Transportation Sector (2019-2023)

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According to a report by the International Energy Agency (IEA), global demand for green fuel or biofuel in the transportation sector reached a total of 159.1 million kiloliters (kl) in 2019.

However, demand decreased in 2020 with the onset of the pandemic and only began to recover last year.

"Biofuel demand recovered in 2021 from the impact of Covid-19, reaching levels close to those of 2019," stated the IEA in its May 2022 edition of the *Renewable Energy Market Update*.

The IEA also predicts that demand for green fuel will continue to increase in the coming years, as shown in the graph.

"For 2022, global biofuel demand is still expected to increase by 5% (year-on-year/yoy), and increase again by 3% (yoy) in 2023," the IEA predicts.

"Although slowing, fuel demand for the transportation sector is experiencing growth, and government policies in various countries are driving higher demand for global biofuels," it continues.

According to IEA data, during the period 2019-2021, the type of green fuel with the highest demand globally was ethanol. Demand for biodiesel and renewable diesel was lower.

(Read Also: Not Biodiesel, This is the Most Popular Green Fuel Globally)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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IEA Predicts Increased Demand for Green Fuels in the Global Market

IEA Predicts Increased Demand for Green Fuels in the Global Market

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IEA Predicts Increased Demand for Green Fuels in the Global Market

IEA Predicts Increased Demand for Green Fuels in the Global Market

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Related Data

Prevalence of Food Consumption Inadequacy in West Bandung Decreased by 1.23% in the Last Year

Food Consumption Inadequacy Rate for Banjar City Residents Decreased by 5.13% in 2024

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