PUBLISHER: Grand View Research | PRODUCT CODE: 1575254
PUBLISHER: Grand View Research | PRODUCT CODE: 1575254
The global bioenergy with CCS market size was estimated at USD 210.68 million in 2023 and projected to grow at a CAGR of 19.84% from 2024 to 2030. The primary driver for the bioenergy with carbon capture and sequestration (CCS) market growth is the global push to combat climate change and achieve net-zero carbon emissions. Governments and organizations are increasingly committing to stringent carbon reduction targets, and BECCS presents a unique solution.
Policies like carbon taxes, carbon credits, and emissions trading schemes incentivize the adoption of BECCS by assigning a monetary value to reducing or sequestering carbon emissions. In addition, international frameworks such as the Paris Agreement push countries to adopt measures that support carbon capture technologies, boosting demand for BECCS projects.
Global Bioenergy With CCS Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global bioenergy with CCS market report based on the technology, application, and region: