The fossil fuel public R&D budget in Canada is forecasted to remain stable from 2024 to 2028, consistently at 14.01% of the energy public R&D expenditure in 2024 and 2025, and slightly decreasing to 14% from 2026 to 2028. This projection suggests zero net growth over the period without any yearly fluctuations in the budget projections from approximately the given base of 2023.
Future trends to watch for include:
- Government policy changes that could impact funding allocations between fossil fuels and renewable energy.
- Technological advancements that may drive shifts in R&D priorities.
- Environmental movements and public sentiment potentially influencing funding decisions towards greener technologies.