Boston, June 25, 2025 (GLOBE NEWSWIRE) — BCC Research announces the release of its ” 2024 Sustainable Energy Research Review,” highlighting the rapid progress being made in the global shift toward sustainable energy. This review emphasizes the growing importance of carbon management technologies and breakthroughs in renewable fuels, both of which are playing a vital role in driving global decarbonization efforts.
Key Highlights:
- Carbon Dioxide Removals (CDR) Market:
-
- The market is projected to grow from $2.1 billion in 2023 to $8.1 billion by the end of 2028.
- Compound Annual Growth Rate (CAGR): 31.0%.
-
- The market is projected to grow from $342.6 billion in 2024 to $1.2 trillion by the end of 2029.
- CAGR: 28.4%.
- Biorefinery Products and Applications: Global Markets:
-
- The market is projected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by the end of 2029.
- CAGR: 8.8%.
Research Coverage and Insights
The 2024 Sustainable Energy Research Review explores the evolving landscape of green energy technologies and their role in decarbonizing hard-to-abate sectors. As global industries attempt to meet climate goals, sustainable energy practices and carbon management solutions are gaining momentum.
This review highlights the key developments and market dynamics shaping the future of sustainable energy:
- Decarbonization Focus: The transition to green energy is accelerating, particularly in sectors that are traditionally difficult to decarbonize, such as heavy industry and transportation.
- Emerging Technologies: Innovations in carbon capture, utilization, and storage (CCUS), carbon dioxide removal (CDR), and carbon credit systems are central to emissions reduction strategies.
- Global Carbon Pricing: As of 2023, 40 countries and 20 cities had implemented carbon pricing mechanisms. These initiatives generated $104 billion in revenue and covered 24% of global greenhouse gas emissions, with projections of reaching 50% by 2030.
- Sustainable Marine Fuels: Although currently representing less than 1% of global marine fuel consumption, sustainable marine fuels are gaining interest due to their lower environmental impact and growing support from the shipping industry.
- R&D Imperative: Continued R&D essential to validate the scalability and effectiveness of these technologies in real-world applications.
Research Summary:
The 2024 Sustainable Energy Research Review exemplifies type of quantitative market data, analysis, and guidance that BCC Research has provided since 1971. This research review includes highlights and excerpts from the following reports published by BCC Research in 2024:
After accessing this Research Review and benefiting from its insight, we encourage you to explore the full portfolio of market research reports for a deeper understanding of each topic. BCC Research remains your trusted partner in market intelligence, and we are committed to supporting your future insights and decisions.
For further information on any of the reports or to make a purchase, contact us at info@bccresearch.com.
About BCC Research
BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts’ goal is to help you make informed business decisions free of noise and hype.
For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.
Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.
