5 Fastest Growing Energy Sources in 2020

4. Agricultural biomass

Agricultural biomass is the plant residue left in the plantation field after the harvesting process. This is also known as rural biomass energy. Agricultural Biomass is an important source of renewable energy because of its abundant supply and cheap price. Agriculture biomass is highly important as according to the Asian Development Bank in 2003 in China the 20% of the climate-altering greenhouse gas emission came from agriculture production and residual left behind in fields. The global biomass power market size had a value of $49.8 billion in 2019 and is now estimated to grow at CAGR of 9.2%.

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