Hydrofluorocarbon (HFC) emissions in Canada have steadily declined over the projected years. In 2023, emissions stood at 10.95 million metric tons of CO2 equivalent. Forecasts suggest a consistent year-on-year decline, with annual reductions of approximately 2.24% in 2025, 2.29% in 2026, 2.35% in 2027, and 2.40% in 2028. Over the five-year period through 2028, the compound annual growth rate (CAGR) is anticipated to be around -2.38%.
Future trends to watch for include:
- Tightening regulations on HFC usage and production.
- Advancements in alternative refrigerant technologies.
- Increased incentives for businesses to adopt eco-friendlier practices.
- Implementation of comprehensive monitoring and reporting systems.
