In 2023, Total Support on Coal for Fossil Fuel Production in Canada stood at an unspecified baseline value. Starting from 2024, the forecast indicates a declining trend, beginning with $11.96 million in 2024, decreasing sequentially to $7.06 million by 2028. This reflects a year-on-year decline of roughly 10.3% in 2025, 11.5% in 2026, 12.8% in 2027, and 14.7% in 2028, suggesting a steady reduction in support for coal over this five-year span. The five-year compound annual growth rate (CAGR) would average out to a decline per annum over the period.
In future trends, watch for policy shifts aimed at renewable energy adoption, which may accelerate the decline in coal support. Additionally, global market dynamics and technological advancements in clean energy could further impact these forecasts.
