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Biofuel Market is projected to reach USD 225.9 billion in 2028 from USD 167.4 billion in 2023 at a CAGR of 6.2% according to a new report by MarketsandMarkets™. The growing demand for cleaner fuels is one of the major factors driving the biofuels market. Global biofuel demand has been increasing gradually due to goals set to achieve net zero emissions in recent years. According to Statistical Review of World Energy 2022, the total global consumption of biofuel in 2021 was 1,837 thousand barrels of oil equivalent per day. Governments of various countries across the world are focused on reducing greenhouse emissions. With the help of biofuel, greenhouse emissions can be reduced by up to 65%. Expansion of the biofuel business will result in increased employment opportunities, ensuring the stability of an economy.

The global Carbon Footprint Management Market is projected to grow from USD 11.3 billion in 2023 to USD 30.8 billion by 2028, at a CAGR of 22.2% according to a new report by MarketsandMarkets™. An increase in government initiatives for emissions reduction, increasing demand for energy consumption by industries, and implementation of COP27 targets to limit global warming are the major drivers of the Carbon Footprint Management Markets. A general shift toward cloud computing and paperless economy is another factor that would provide opportunities for the growth of the Carbon Footprint Management Market during the forecast period.

Chicago, Sept. 21, 2023 (GLOBE NEWSWIRE) -- The global Carbon Footprint Management Market is projected to grow from USD 11.3 billion in 2023 to USD 30.8 billion by 2028, at a CAGR of 22.2% according to a new report by MarketsandMarkets™. An increase in government initiatives for emissions reduction, increasing demand for energy consumption by industries, and implementation of COP27 targets to limit global warming are the major drivers of the Carbon Footprint Management Markets. A general shift toward cloud computing and paperless economy is another factor that would provide opportunities for the growth of the Carbon Footprint Management Market during the forecast period.

Small and medium enterprises (SMEs), with their capability to propel broad-based economic growth of a nation, form an important pillar of success for any economy, Bank of Baroda Managing Director Kishor Kharat said on Sunday in Port-of-Spain.

Powered by strong domestic demand, the Chinese economy is likely to grow by 10 percent in 2010, the International Monetary Fund (IMF) said on Wednesday in Washington.

Posting the highest growth rate in more than a decade in annualised terms, Canada's economy grew 6.1 percent in the first quarter of the current fiscal year.

Policies initiated by the Group of 20 (G20) major economies in response to the economic crisis have saved or created some 21 million jobs since last year, according to the UN's International Labour Organization (ILO).

The global dye sensitized solar cell market is expected to reach USD 130.6 million by 2022, according to a new report by Grand View Research, Inc. Growing concern regarding detrimental environmental impact associated with fossil fuel based power generation plants is expected to remain a key driving factor for global DSSC market. Governments across various countries have been promoting electricity generation through renewable energy sources. Favorable government initiatives to promote off-grid solar power installations particularly in developed economies of Europe and North America are also expected to have a positive influence on the market growth

An increase in government initiatives for emissions reduction, increasing demand for energy consumption by industries, and implementation of COP27 targets to limit global warming are the major drivers of the carbon footprint management markets. A general shift toward cloud computing and paperless economy is another factor that would provide opportunities for the growth of the carbon footprint management market during the forecast period. According to a new market research report, 'The global carbon footprint management market is projected to reach USD 30.8 billion by 2028 from an estimated USD 11.3 billion in 2023, at a CAGR of 22.2% during the forecast period.'

Global stock markets have turned higher after the US Federal Reserve kept interest rates on hold in the world's biggest economy and signalled a more gradual rise in rates this year than previously thought. Fed officials pointed to risks from global economic weakness and volatile financial markets

The global medium voltage cable & accessories market is projected to reach USD 56.2 billion by 2022 from an estimated USD 41.5 billion in 2017, at a CAGR of 6.3% from 2017 to 2022. This growth can be attributed to the changing trends in the energy sector vis-à-vis increasing renewable energy-based power generation, investment plans for expansion of T&D networks in developing economies, revamp of the existing aging infrastructure, growing global power generation capacity, and increasing demand for smart grid technology. Additionally, the rapidly growing infrastructure industry in the emerging regions; and the rapid pace of industrialization and urbanization are anticipated to drive market growth.

The global industrial plugs and sockets market size is projected to grow from USD 2.5 billion in 2020 to USD 3.2 billion by 2025; it is expected to grow at a CAGR of 4.9% from 2020 to 2025. The key factors driving the growth of the industrial plugs and sockets industry include rapid industrialization in Asia Pacific and increased investments in infrastructure development projects to contribute to the global economy post-COVID-19.

According to a research report "Diesel Power Engine Market by Operation (Standby, Prime, Peak Shaving), Power Rating (Below 0.5 MW, 0.5-1 MW, 1-2 MW, 2-5 MW, and Above 5 MW), End User (Power Utilities, Industrial, Commercial, and Residential), Speed, & Region - Global Forecast to 2029", the market size for diesel power engine is projected to reach approximately USD 25.2 billion by the year 2029, as compared to the estimated value of USD 20.1 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 4.5% over the forecast period. The global diesel power engine market is driven by a confluence of factors that influence demand and shape its future trajectory. Rapid economic growth in regions like Asia Pacific, Africa, and South America fuels the need for reliable power sources. Diesel engines play a crucial role, particularly in areas with limited grid infrastructure or frequent outages. They provide primary or backup power for businesses, industries, and communities, enabling uninterrupted operations and fostering economic development. As economies expand, industrial activity and urbanization accelerate. These sectors heavily rely on diesel engines for power generation, both for primary use and backup during grid disruptions. Reliable power ensures smooth operation of factories, construction sites, and commercial facilities. Governments worldwide are implementing stricter emission regulations to combat air pollution. This drives advancements in cleaner burning diesel engine technologies.

India is set to add 347,463 jobs in the organised sector by the end of the first quarter of this fiscal as the robust turnaround in the economy has encouraged organisations to recruit new employees, says a global manpower consulting firm.

Looking ahead to global economy of the future, the US-India Business Council (USIBC) has launched a new education initiative aimed at strengthening institutional linkages between academia, industry and NGOs focusing on the elementary, vocational and higher education.

Representatives of major economies, including India, are generally agreed that the Copenhagen Accord represented an important step forward and provided important political consensus regarding key issues in the climate change negotiations leading up to Cancun.

The US economy added 162,000 jobs in March, the most since the start of a recession more than two years ago, but the unemployment rate held steady at 9.7 percent, the Labour Department said on day.

Recovering rapidly from the global financial crisis, India is poised to grow at 8 percent this year, but inflation and excessive capital flows could pose a challenge, a gathering of world finance ministers was told on Saturday.

The world has entered a new multi-polar economic order and 2009 saw the end of what was known as the Third World, said the World Bank president Robert B. Zoellick in Washington.