Demand Forecast for Carbon-Neutral Fuels Across Industries
The global focus on reducing carbon emissions has accelerated the demand for carbon-neutral fuels , positioning them as a pivotal element in the transition to sustainable energy. Carbon-neutral fuels, also known as zero-carbon fuels, are designed to have minimal net greenhouse gas emissions, making them an attractive alternative to conventional fossil fuels. The rising awareness of climate change and the implementation of stringent environmental regulations are driving industries and governments to adopt these fuels across transportation, power generation, and industrial sectors. Technological advancements in biofuels, hydrogen, and synthetic fuels are enhancing the efficiency and cost-effectiveness of carbon-neutral options. Biofuels derived from waste biomass or algae are increasingly being commercialized, offering a renewable energy source while reducing dependency on petroleum. Similarly, green hydrogen produced through electrolysis powered by renewable energy is gaining mom...