France Carbon Neutral Market: Industry Analysis and Forecast (2024-2030)

France Carbon Neutral Market Overview:

Climate change is causing an increasing number of individuals to become aware of it. The climate is changing, and environmental regulatory frameworks, as well as social tendencies toward climate-friendly shopping, are being implemented. In response to shifting stakeholder demands and needs for products and services, as well as government measures, businesses are working hard to reduce their carbon footprint. Utility firms have an once-in-a-lifetime opportunity to both reduce carbon emissions and benefit from the transition to a carbon-neutral economy.

Though market forecasting through 2030 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2030 is done based on past data from 2018 to 2022 with the impact of global lock down on the market in 2020 and 2021.

To get more Insights: Request Free Sample Report

France Carbon Neutral Market Dynamics:

The EU has committed to a sustainable energy transition that will help achieve the Paris Agreement's climate change targets while also providing clean energy to everybody. To meet this promise, the EU has established binding climate and energy targets for 2030, including a 40% reduction in greenhouse gas emissions and a 40% reduction in energy use. Raising energy efficiency by at least 32.5 percent and growing renewable energy's proportion of EU energy consumption to at least 32 percent energy use and ensuring a minimum of 15% electrical interconnection between neighbouring Member States. To ensure that EU targets are met, EU legislation mandates that each Member State develop a 10-year National Energy and Climate Plan (NECP), which lays out how to meet national goals, including a binding national target for reducing greenhouse gas emissions not covered by the EU Emissions Trading Scheme.

France has set a goal of becoming carbon-neutral by 2050, and has outlined a plan to achieve this goal. If France continues on this path, it is expected to exceed its 2030 non-ETS objective by 4 percentage points. This would necessitate the deployment of new policies to maintain emissions within carbon budgets. From 2019 onwards, as recommended in the National Low-Carbon Strategy. These extra policies are not necessary. On the other hand, it is well characterised. Only current policies and procedures will allow France to meet its 2030 targets. Non-ETS target by 11 percentage points, providing the Land Use, Land Use Change, and Forestry policies are followed. The no-debit pledge of the (LULUCF) has been met (In other words, emissions do not exceed removals.) France is a country that has for the transportation and construction sectors, lofty goals have been set. However, specific policies must be implemented further. These are the key drivers that are expected to drives the growth of the France Carbon Neutral Market during the forecast period 2024-2030.

France Carbon Neutral Market Segment Analysis:

The France Carbon Neutral Market is segmented by Carbon Neutral Fuel, Vertical, and Component.

Based on the Carbon Neutral Fuel, the market is segmented into Biodiesel, Bio-ethanol, Bio-butanol, and others. Biodiesel segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Because biodiesel is made from soy beans and palm oil trees, it absorbs CO2 as it grows, making it carbon-neutral, according to the French government. CO2 is absorbed by these plants to offset emissions caused by biodiesel synthesis and combustion. The bulk of biodiesel in France is made from soybean oil. Biodiesel can also be created from used vegetable oils or animal fats, such as restaurant grease and oil.

In many places of the world, large sections of natural vegetation and forests have been sacrificed in order to cultivate soybeans and palm oil trees for biodiesel production. Clearing and burning has more negative environmental impacts than using biodiesel derived from soybeans and palm oil trees. These factors are expected to drive this segment of the France Carbon Neutral market during the forecast period 2024-2030.

Based on the Vertical, the market is segmented into Manufacturing, Energy and Utilities, Residential and Commercial Buildings, Transportation and Logistics, IT and Telecom, and others. Energy and Utilities segment is expected to hold the largest market shares of xx% by 2030. Because France has committed to generating 90% of its electricity from zero-emission sources by 2030, the amount of electricity generated from these sources is expected to rise over the forecast period. The French government, enterprises, and utilities are employing cutting-edge technology to help them reach carbon neutrality. Individuals and businesses can now use renewable energy to go "off the grid." Cities and corporations can benefit from these technology as well. In France, there are four long-term energy generation options. These technologies have an impact on both customers and future business models for utility companies because they are related to energy efficiency, generation, and grids. These are the key drivers that are expected to drives the growth of the energy and utilities vertical segment in the France Carbon Neutral market during the forecast period 2024-2030.

The objective of the report is to present a comprehensive analysis of the France Carbon Neutral Market to the stakeholders in the industry. The report provides trends that are most dominant in the France Carbon Neutral Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the France Carbon Neutral Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the France Carbon Neutral Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the France Carbon Neutral Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the France Carbon Neutral Market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the France Carbon Neutral Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the France Carbon Neutral Market is aided by legal factors.

France Carbon Neutral Market Scope:

France Carbon Neutral Market Key Players

• Total Energies (France)
• Normative (Sweden)
• GUTcert (Germany)
• SSE plc (UK)
• Enablon (France)
• SAP (Germany)
• Schneider Electric (France)
• ENGIE (France)
• Puragen Activated Carbon (France)
• Silcarbon Aktivkohle GmbH (Germany)