The direct transfer on all fossil fuels for general services in Canada is forecasted to increase from $6.26 billion in 2024 to $11.02 billion by 2028. This represents a significant growth trend with a compounded annual growth rate (CAGR) of approximately 15.00% from 2023 to 2028. The year-on-year growth rates suggest a steady increase in spending, driven by policy changes or increased demand, even though precise historical values for 2023 are not explicitly provided.
Future trends to watch for include the impact of stricter environmental regulations, technological advancements in energy efficiency, and potential shifts towards renewable energy sources, which may influence the growth dynamics in this sector and possibly reduce future dependency on fossil fuels.
