As of 2023, the share of fossil fuel in Canada's total domestic material consumption was below 51.51%. Projections from 2024 onward indicate a rising trend reaching 53.65% by 2028. The year-on-year increase suggests growth in the fossil fuel share within domestic material consumption, with consistent and modest annual gains. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 showcases a steady increase, reflecting the persistent demand and reliance on fossil fuels.
Future trends to watch for:
- Government policies aimed at reducing carbon emissions.
- Developments in renewable energy adoption and its impact on fossil fuel demand.
- Technological advancements in energy efficiency and alternative materials.
