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Report
2024 Sustainable Energy Research Review
Market Research Report I 2025-04-22 I 168 Pages I BCC Research
Description
Research Review Scope:
The developing landscape of the green energy transition is underway to achieve decarbonization of hard-to-abate industries globally. This trend has increased the importance of sustainable energy practices, that allow organizations to reduce and manage their carbon emissions. There are various sustainable technologies that are gaining traction in the market such as carbon capture, utilization, storage, carbon dioxide removal, carbon credits among others. These technologies are expected to grow significantly, with a growing focus on maintaining environmental sustainability, hence, much R&D is required to demonstrate the viability and applicability of these technologies in the global market.
Currently, 40 countries and 20 cities across the globe have adopted carbon pricing. The World Bank announced that the revenues from ETS and carbon taxes reached $104 billion in 2023. These instruments covered around 24% of the global GHGs and were expected to reach 50% by 2030. Furthermore, sustainable marine fuels are cleaner versions of fossil-based energy dense heavy oils. However, it accounts for less than 1% share in total marine fuel consumed across the globe. The positive outlook towards clean fuels by shipping industry and fuel producers is expected to propel the demand for sustainable fuels.
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. This 2024 Research Review of sustainable energy provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions. This
Research Review includes highlights and excerpts from the following reports published by BCC Research in 2024:
- ENV069A Carbon Dioxide Removals (CDR) Market.
- EGY200A Carbon Credits Market: Global Outlook.
- EGY117E Biorefinery Products and Applications: Global Markets.
- EGY198A Global Sustainable Marine Fuel Market.
After you survey the excerpts in this Research Review, we encourage you to follow up on these topics by checking out the full market research reports associated with each topic. BCC Research looks forward
to serving your market intelligence needs in the future.
Executive Summary
Summary:
- The global market for carbon dioxide removal (CDR) is expected to grow from $2.1 billion in 2023 to reach $8.1 billion by the end of 2028, at a compound annual growth rate (CAGR) of 31.0% from 2023 through 2028.
- The global market for carbon credits is expected to grow from $342.6 billion in 2024 to reach $1.2 trillion by the end of 2029, at a CAGR of 28.4% from 2024 through 2029.
- The global market for biorefinery products and applications is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by the end of 2029, at a CAGR of 8.8% from 2024 through 2029.
The developing landscape of the green energy transition is underway to achieve decarbonization of hard-to-abate industries globally. This trend has increased the importance of sustainable energy practices, that allow organizations to reduce and manage their carbon emissions. There are various sustainable technologies that are gaining traction in the market such as carbon capture, utilization, storage, carbon dioxide removal, carbon credits among others. These technologies are expected to grow significantly, with a growing focus on maintaining environmental sustainability, hence, much R&D is required to demonstrate the viability and applicability of these technologies in the global market.
Currently, 40 countries and 20 cities across the globe have adopted carbon pricing. The World Bank announced that the revenues from ETS and carbon taxes reached $104 billion in 2023. These instruments covered around 24% of the global GHGs and were expected to reach 50% by 2030.
Furthermore, sustainable marine fuels are cleaner versions of fossil-based energy dense heavy oils. However, it accounts for less than 1% share in total marine fuel consumed across the globe. The positive outlook towards clean fuels by shipping industry and fuel producers is expected to propel the demand for sustainable fuels.
Table of Contents
Chapter 1 Foreword
Research Review Scope
Chapter 2 Global Carbon Dioxide Removals (CDR) Market (ENV069A)
Scope of Report
Market Outlook
Market Summary
Market Overview
Climate Regulations and Policies
The Paris Agreement
The European Green Deal
Kyoto Protocol
Carbon Pricing
Macroeconomic Factors Analysis
Value Chain Analysis: Carbon Dioxide Removal
Porter's Five Forces Analysis
SWOT Analysis
Market Dynamics
Market Driver
Market Challenge
Market Restraint
Market Opportunity
Global CDR Market, by Technology Type
Key Takeaways
Biochar
Enhanced/Carbon Mineralization
Direct Air Capture (DAC)
Bioenergy With Carbon Capture and Storage (BECCS)
Ocean Alkalinization
Others
Global CDR Market, by Region
Key Takeaways
North America
Europe, Middle East and Africa (EMEA)
Asia-Pacific (APAC)
South America
Chapter 3 Carbon Credits Market: Global Outlook (EGY200A)
Market Outlook
Scope of Report
Executive Summary
Carbon Credits Market Overview
Carbon Pricing
Kyoto Protocol
The Paris Agreement
European Green Deal
Macroeconomic Factors Analysis in the Carbon Credit Market
Value Chain Analysis
SWOT Analysis
Global Market Dynamics
Market Driver
Market Challenge
Market Opportunity
Market Restraint
Market Trend
Carbon Credits Market Analysis, by End-User
Power
Energy
Transportation
Building and Construction
Other Industries
Carbon Credits Market Analysis, by Region
Europe
Asia-Pacific (APAC)
North America
Rest of the World (RoW)
Sustainability in the Carbon Credit Industry: ESG Perspective
Introduction to ESG
Environmental Issues
Social Issues
Governance Issues
Future of ESG: Emerging Trends and Opportunities
Concluding Remarks from BCC Research
Chapter 4 Biorefinery Products and Applications: Global Markets (EGY117E)
Market Outlook
Scope of Report
Summary and Highlights
Biorefinery Products and Applications: Market Overview
Biomass
Bioproducts
Biorefinery Products
Market Dynamics
Market Driver
Market Opportunity
Market Restraint
Market Challenge
Emerging Technologies and Developments
Wastewater to Energy
Co-solvent Enhanced Lignocellulosic Fractionation (CELF)
Artificial Intelligence
Carbon Capture and Utilization (CCU)
Market for Biorefinery Products and Applications, by Application
Key Takeaways
Biofuels
Biobased Chemicals
Biomaterials
Bioenergy
Medicines and Healthcare
Market for Biorefinery Products and Applications, by Region
Key Takeaways
North America
Europe
Asia-Pacific
Rest of the World (RoW)
ESG in the Biorefinery Products Industry
ESG Practices in the Biorefinery Products Industry
Future of ESG: Emerging Trends and Opportunities
Concluding Remarks
Chapter 5 Global Sustainable Marine Fuel Market (EGY198A)
Market Outlook
Scope of Report
Market Insights
Sustainable Marine Fuel Market Overview
Biofuels
Hydrogen
Ammonia
Bio-methanol
Macroeconomic Factors Analysis
Porter's Five Forces Analysis
Value Chain Analysis
SWOT Analysis
Climate Policies and Regulations in Sustainable Marine Fuel Market
IMO Marine Environment Protection Committee (MEPC)
The Paris Agreement
The European Green Deal
Market Dynamics of Sustainable Marine Fuels
Market Driver
Market Challenge
Market Restraint
Market Opportunity
Emerging Technologies and Developments
Development of Algae-based Feedstock
Sustainable Marine Fuel Market Analysis by Fuel Type
Overview
Biofuel
Bio-methanol
Ammonia
Hydrogen
Sustainable Marine Fuel Market Analysis by Region
Overview
Asia-Pacific (APAC)
Europe
North America
Middle East and Africa (MEA)
South America
ESG Developments in the Sustainable Marine Fuel Industry
ESG Practices in the Industry
Future of ESG: Emerging Trends and Opportunities
Concluding Remarks from BCC Research
Chapter 6 Appendix
Methodology
Analyst's Credentials
List of Tables
Table 1 : Global Market for Carbon Dioxide Removal, by Region, Through 2028
Table 2 : Global Market Volume for Carbon Dioxide Removal, Through 2028
Table 3 : Post-2020 National Emission Reduction, by Country
Table 4 : CO2 Emissions, by Fossil Fuels, by Country, 2021
Table 5 : Comparison of Different CDR Technologies
Table 6 : Global Market for Carbon Dioxide Removal, by Technology Type, Through 2028
Table 7 : Carbon Stability of Biochar
Table 8 : Major Developments in Carbon Dioxide Removal, by Biochar Technology, 2023
Table 9 : Global Market for Carbon Dioxide Removal, by Region, Through 2028
Table 10 : Global Market for Carbon Credits, by End User, Through 2029
Table 11 : Carbon Taxes, by Country, 2023
Table 12 : Carbon Credit Pricing, by Project Type
Table 13 : Global Carbon Credits Market, by Value and Volume, Through 2029
Table 14 : Key Roles of Carbon Credit Industry Actors
Table 15 : Recent Developments in DAC Projects, 2022-2024
Table 16 : Carbon Credits Purchased, by Citigroup as its ESG Practices
Table 17 : Global Market for Carbon Credits, by End User, Through 2029
Table 18 : Global Market for Carbon Credits in Power, by Region, Through 2029
Table 19 : Global Market for Carbon Credits in Energy, by Region, Through 2029
Table 20 : Global Market for Carbon Credits in Transportation, by Region, Through 2029
Table 21 : Global Market for Carbon Credits in Building and Construction, by Region, Through 2029
Table 22 : Global Market for Carbon Credits in Other Industries, by Region, Through 2029
Table 23 : Global Market for Carbon Credits, by Region, Through 2029
Table 24 : Carbon Pricing Revenues, by Instrument Type, 2023
Table 25 : European Market for Carbon Credits, by End User, Through 2029
Table 26 : Compliance Carbon Pricing Instruments in Europe
Table 27 : Asia-Pacific Market for Carbon Credits, by End User, Through 2029
Table 28 : Compliance Carbon Pricing Instruments in Asia-Pacific
Table 29 : North American Market for Carbon Credits, by End User, Through 2029
Table 30 : Compliance Carbon Pricing Instruments in North America
Table 31 : Rest of World Market for Carbon Credits, by End User, Through 2029
Table 32 : Compliance Carbon Pricing Instruments in the Middle East and Africa
Table 33 : Compliance Carbon Pricing Instruments in South America
Table 34 : Global Market for Biorefinery Products, by Product Type, Through 2029
Table 35 : Phases of Biorefineries
Table 36 : Biorefinery Outlook
Table 37 : Global Distribution of Biorefineries, 2022
Table 38 : Petroleum Raw Materials with Biobased Materials
Table 39 : Recent Developments in the Biobased Industry, 2021-2024
Table 40 : Biomass, Biobased Products and Biorefinery Products
Table 41 : Ranking of Regions, by Total Energy Contained in Residue Produced
Table 42 : Facts Related to Energy Crops
Table 43 : Global Market for Biorefinery Products and Applications, by Application, Through 2029
Table 44 : Biofuels, by Type
Table 45 : Biofuel Adoption and Related Policies, by Region
Table 46 : Global Market for Biofuel Application in Biorefinery Products and Applications, by Region, Through 2029
Table 47 : Biobased Chemicals, by Type
Table 48 : Biobased Chemicals, by Country/Region
Table 49 : Global Market for Biobased Chemicals, by Region, Through 2029
Table 50 : Biomaterials, by Type
Table 51 : Biomaterial Adoption and Related Policies, by Region/Country
Table 52 : Global Market for Biomaterial Applications, by Region, Through 2029
Table 53 : Bioenergy, by Type
Table 54 : Bioenergy Adoption and Related Policies, by Region
Table 55 : Global Market for Bioenergy Applications, by Region, Through 2029
Table 56 : Biobased Medicines and Healthcare, by Type
Table 57 : Biobased Medicines and Healthcare, by Region
Table 58 : Global Market for Biobased Medicines and Healthcare Applications, by Region, Through 2029
Table 59 : Global Market for Biorefinery Products and Applications, by Region, Through 2029
Table 60 : North American Market for Biorefinery Products and Applications, by Country, Through 2029
Table 61 : North American Market for Biorefinery Products and Applications, by Source, Through 2029
Table 62 : North American Market for Biorefinery Products and Applications, by Product, Through 2029
Table 63 : North American Market for Biorefinery Products and Applications, by Application, Through 2029
Table 64 : European Market for Biorefinery Products and Applications, by Country, Through 2029
Table 65 : European Market for Biorefinery Products and Applications, by Source, Through 2029
Table 66 : European Market for Biorefinery Products and Applications, by Product, Through 2029
Table 67 : European Market for Biorefinery Products and Applications, by Application, Through 2029
Table 68 : Asia-Pacific Market for Biorefinery Products and Applications, by Country, Through 2029
Table 69 : Asia-Pacific Market for Biorefinery Products and Applications, by Source, Through 2029
Table 70 : Asia-Pacific Market for Biorefinery Products and Applications, by Product, Through 2029
Table 71 : Asia-Pacific Market for Biorefinery Products and Applications, by Application, Through 2029
Table 72 : RoW Market for Biorefinery Products and Applications, by Sub-Region, Through 2029
Table 73 : RoW Market for Biorefinery Products and Applications, by Source, Through 2029
Table 74 : RoW Market for Biorefinery Products and Applications, by Product, Through 2029
Table 75 : RoW Market for Biorefinery Products and Applications, by Application, Through 2029
Table 76 : ESG Metrics
Table 77 : ESG Diversity Issues
Table 78 : ESG Employee Safety and Labor Practices Issues
Table 79 : ESG Resource Efficiency and Emissions Issues
Table 80 : ESG Waste Reduction Issues
Table 81 : ESG Sustainable Supply Chain Issues
Table 82 : ESG Corporate Behavior Issues
Table 83 : Global Market for Sustainable Marine Fuel, by Fuel Type, Through 2028
Table 84 : Overview of Alternative Fuels and their Production Pathways
Table 85 : Algae-based Biofuel Companies
Table 86 : Global Market for Sustainable Marine Fuel, by Fuel Type, Through 2028
Table 87 : Global Market Volume for Sustainable Marine Fuel, by Fuel Type, Through 2028
Table 88 : Increase in Biofuel Use in All Ships of 5,000 GT and Above, 2021 and 2022
Table 89 : Potential Biofuels for the Shipping Industry
Table 90 : Maersk's Renewable Methanol Projects
Table 91 : Demonstrations of the Use of Ammonia in the Maritime Sector, 2020-2024
Table 92 : Ports Supplying the Most Marine Fuel, 2022
Table 93 : Bio-blend Fuel Supply by Supplier, 2022 and 2023
Table 94 : Global Market for Sustainable Marine Fuel, by Region, Through 2028
Table 95 : World's Largest Container Ports, by Throughput, 2021-2023
Table 96 : Bio-blended Fuel Supply, Rotterdam Port, 2021-2023
Table 97 : Green Energy Investment Initiatives, by European Country
List of Figures
Figure 1 : Share of Global Market for Carbon Dioxide Removal, by Region, 2022
Figure 2 : Annual CO2 Emissions, by Fossil Fuels, 2015-2022
Figure 3 : Carbon Taxes, by Country, 2021
Figure 4 : Carbon Dioxide Removal Value Chain
Figure 5 : Carbon Capture, Utilization and Storage (CCUS) Value Chain
Figure 6 : Porter's Five Forces Analysis: Global Market for Carbon Dioxide Removal
Figure 7 : SWOT Analysis: Global Market for Carbon Dioxide Removal
Figure 8 : Share of Global Market for Carbon Dioxide Removal, by Technology Type, 2022
Figure 9 : Share of Global Market for Carbon Dioxide Removal, by Technology Type, 2028
Figure 10 : Biochar Applications
Figure 11 : Ocean-Based CDR Technologies
Figure 12 : Global Market for Carbon Dioxide Removal by Region
Figure 13 : Share of Global Market for Carbon Dioxide Removal, by Region, 2022
Figure 14 : Share of Global Market for Carbon Dioxide Removal, by Region, 2028
Figure 15 : North American Market for Carbon Dioxide Removal, 2022-2028
Figure 16 : EMEA Market for Carbon Dioxide Removal, 2022-2028
Figure 17 : Asia-Pacific Market for Carbon Dioxide Removal, 2022-2028
Figure 18 : South American Market for Carbon Dioxide Removal, 2022-2028
Figure 19 : South American Market for Carbon Dioxide Removal, 2022-2028
Figure 20 : Value Chain for Carbon Credit Market
Figure 21 : SWOT Analysis: Global Carbon Credits Market
Figure 22 : Benefits of Blockchain Technology in Carbon Credit Industry
Figure 23 : Share of Global Market for Carbon Credits, by End User, 2023
Figure 24 : Share of Global Market for Carbon Credits in Power, by Region, 2023
Figure 25 : Share of Global Market for Carbon Credits in Energy, by Region, 2023
Figure 26 : Share of Global Market for Carbon Credits in Transportation, by Region, 2023
Figure 27 : Share of Global Market for Carbon Credits in Building and Construction, by Region, 2023
Figure 28 : Share of Global Market for Carbon Credits in Other Industries, by Region, 2023
Figure 29 : Global Share of Power Generation Sources, 2018-2021
Figure 30 : Share of Global Market for Carbon Credits, by Region, 2023
Figure 31 : Share of European Market for Carbon Credits, by End User, 2023
Figure 32 : Share of Total GHG Emissions (MTCO2e) in China, by CRF Category, 2023
Figure 33 : Share of Asia-Pacific Market for Carbon Credits, by End User, 2023
Figure 34 : Share of North American Market for Carbon Credits, by End User, 2023
Figure 35 : Share of Rest of World Market for Carbon Credits, by End User, 2023
Figure 36 : Global Market for Biorefinery Products, by Product Type, 2023-2029
Figure 37 : Share of Global Bioenergy Supply, by Segment, 2020
Figure 38 : Overview of Separation and Purification Processes
Figure 39 : Dedicated Energy Crops, by Category
Figure 40 : Concept of the Circular Economy
Figure 41 : Share of Global Market for Biorefinery Products and Applications, by Application, 2023
Figure 42 : Share of Global Market for Biorefinery Products, by Region, 2023
Figure 43 : Overview of ESG Factors
Figure 44 : Share of Global Market for Sustainable Marine Fuel, by Fuel Type, 2022
Figure 45 : Electricity Required to Generate 1 kg of Hydrogen, by Technology
Figure 46 : Porter's Five Forces Analysis of Sustainable Marine Fuel Market
Figure 47 : Value Chain Analysis of Sustainable Marine Fuel Market
Figure 48 : SWOT Analysis of Sustainable Marine Fuel Market
Figure 49 : CO2 Emissions by Fossil Fuels, 2018-2023
Figure 50 : Annual CO2 Emissions per Capita, by Country/Region, 2021-2023
Figure 51 : Share of Global Market for Sustainable Marine Fuel, by Fuel Type, 2022
Figure 52 : Share of Global Market Volume for Sustainable Marine Fuel, by Fuel Type, 2022
Figure 53 : Biofuel as Marine Fuel: Drivers and Challenges
Figure 54 : Bio-methanol as Marine Fuel: Drivers and Challenges
Figure 55 : Ammonia as Marine Fuel: Drivers and Challenges
Figure 56 : Hydrogen as Marine Fuel: Drivers and Challenges
Figure 57 : Share of Global Market for Sustainable Marine Fuel, by Region, 2022
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