In 2023, Canada's greenhouse gas emissions per unit of GDP stood at 370 kilograms per US dollar. Forecasts indicate a steady decrease, projecting figures of 360 kg/USD in 2024 and descending by 10 kg/USD annually, reaching 320 kg/USD by 2028. This represents a year-on-year decline of approximately 2.78% from 2024 onward and a compound annual growth rate (CAGR) decrease of about 2.81% over the five-year period.
Future trends to watch for include:
- Potential technological advances boosting energy efficiency and further reducing emissions.
- The impact of governmental policies aimed at decarbonizing the economy.
- Market shifts toward sustainable practices and green energy investments.