The total support on coal for all beneficiaries or sectors in Canada is forecasted to decline steadily from $11.91 million in 2024 to $6.95 million in 2028. In comparison to 2023, which stood at $13.16 million, this represents a clear downward trend. The year-on-year percentage variation reveals this consistent decrease, underscoring a shift away from coal support. Over the five-year forecast period, the compound annual growth rate (CAGR) is negative, pointing to an accelerating decline in coal usage and support.
Looking ahead, Canada's energy sector may increasingly focus on renewable energy investments, regulatory changes, and technological advancements. Monitoring policy changes and carbon pricing strategies will be important in understanding future shifts in this sector.
