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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. In the United States, projections of the ultimate supply potential for RNG vary. An analysis conducted in 2011 by the Gas Technology Institute determined that renewable gas from waste biomass ...
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.
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]
In 2018, EIA expected that, after rising by 2.7% in 2018, U.S. energy-related carbon dioxide (CO 2) emissions would decrease by 2.5% in 2019 and by 1.0% in 2020 [20] due to a shift away from coal and toward renewables and natural gas. Renewable energy has the potential to reduce CO 2 emissions in three key energy use sectors: transport, heating ...
Furthermore, the possible usage hydrogen in mobility solutions and as a substitute for natural gas is also offering immense opportunities for market growth. The necessity for efficient energy storage solutions to address intermittent renewable energy sources is also fueling market growth. Browse in-depth TOC on the "Global Power-To-Gas Market"
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.
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). [216]
Southern Company projects that its electric and gas load will increase by around 6% per year from 2025 to 2028, supporting long-term earnings-per-share growth of around 5% to 7% per year.