Total renewable energy consumption in the world is expected to increase by almost 30% over 2018-2023, covering 40% of global energy demand growth. The talk will focus on the analysis of the current renewable energy markets in the world and present forecasts for growth based on the upcoming policies, government incentives and estimates from the International Energy Agency (IEA). It will cover the major renewable energy sources – bioenergy, hydropower, wind and solar PV as well as analysis of various geographical regions for growth potential and market trends. It will break down the share of renewables in the electricity, heat and transport sectors. It would analyze the current status of deployment and costs for novel advanced biofuels. It would also draw comparisons with electric cars, the extent of their renewable electricity utilization and decarbonization potential. It would include the contribution of renewables to road transport demand over the next 5 years and focus on the main biofuels available to decarbonize road freight, now and in the long term.