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Renewable natural gas can be produced and distributed via the existing gas grid, making it an attractive means of supplying existing premises with renewable heat and renewable gas energy. Renewable natural gas can also be converted into liquefied natural gas (LNG) or compressed natural gas (CNG) for direct use as fuel in transport sector.
Renewable energy continued its rapid growth in 2015, providing multiple benefits. There was a new record set for installed wind and photovoltaic capacity (64GW and 57GW) and a new high of US$329 Billion for global renewables investment. A key benefit that this investment growth brings is a growth in jobs. [12]
Key Market Takeaways . The global renewable natural gas market is anticipated to witness a CAGR of 8.1% during the forecast period 2024-2031, owing to supportive regulatory incentives and commitments to decarbonize energy and transportation sectors.
Global renewable energy investment growth (1995-2007) [1] In 2020, the global renewable energy market was valued at $881.7 billion [2] and consumption grew 2.9 EJ. [3] China was the largest contributor to renewable growth, accounting an increment of 1.0 EJ in consumption, followed by the US, Japan, the United Kingdom, India, and Germany.
This has several benefits: electricity can move heat and vehicles efficiently and is clean at the point of consumption. [1] [2] Variable renewable energy sources are those that have a fluctuating nature, such as wind power and solar power. In contrast, controllable renewable energy sources include dammed hydroelectricity, bioenergy, or ...
The share of renewable energy in industry was 14.5% in 2017—mostly low-temperature heat supplied by bioenergy and electricity. The most energy-intensive activities in industry have the lowest shares of renewable energy, as they face limitations in generating heat at temperatures over 200 °C (390 °F).
Progress of current energy transition to renewable energy: Fossil fuels such as coal, oil, and natural gas still remain the world's primary energy sources, even as renewables are increasing in use. [28] An energy transition (or energy system transformation) is a major structural change to energy supply and consumption in an energy system.
Renewable natural gas or biogas is a methane-based gas with similar properties to natural gas that can be used as transportation fuel. Present sources of biogas are mainly landfills , sewage , and animal/ agri-waste .