“By 2030, aviation and shipping are responsible for more than 75% of new biofuel demand. Average annual consumption in these sectors expands 30% between 2023 and 2030 to meet targets in North America, Europe and Japan. Overall aviation and maritime fuel demand also increases to 2030, further supporting growth.”
Read the summary and access full report here: Executive summary – Renewables 2024 – Analysis – IEA