The forecast for total support on coal for consumers in Canada from 2024 to 2028 shows a general declining trend. Starting at 20.0 thousand USD in 2024, the value gradually decreases to 15.0 thousand USD by 2028. This translates to an average annual decline or Compound Annual Growth Rate (CAGR) of approximately 6.0% over the five years.
In 2023, the support value stood notably higher than the forecasted 2024 figure, suggesting substantial reductions are underway. Annually, the most significant drop is expected between 2026 and 2027, exhibiting a 11.8% decrease.
Future trends to watch include:
- Policy shifts towards renewable energy sources.
- Technological advancements reducing coal dependency.
- Environmental regulations impacting coal support expenditure.
- Fluctuations in global coal prices influencing domestic policy.
