The total support on coal for residential use in Canada is projected to decrease from USD 20,000 in 2024 to USD 15,000 by 2028. This marks a -10% annual reduction from 2024 to 2025, an additional -5.88% decrease from 2025 to 2026, another drop of -11.76% from 2026 to 2027, and stabilization in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is -6.85%, indicating a continuous decline in compensation for coal use in residential settings.
Future trends to monitor include increasing governmental policies aiming at reducing carbon emissions. The residential market may see more subsidies directed towards greener energy sources, influenced by stronger climate commitments and technological improvements in renewable energy over the coming years.
