The hydrofluorocarbon (HFC) emissions in Chile have shown a consistent upward trend from 2013 to 2023. In 2023, HFC emissions stood at 5.23 million metric tons of CO2 equivalent. Over this period, year-on-year variations fluctuated, peaking notably in 2014 at 16.04%. The 5-year CAGR for 2023 was 6.46%, indicating a steady increase but a slowing growth rate compared to earlier years.
Key Historical Trends:
- From 2013 to 2018, the emissions saw higher year-on-year increases, especially in 2014 (16.04%) and 2018 (15.21%).
- Between 2019 and 2023, growth slowed down, denoted by the lower year-on-year variations in 2022 (5.87%) and 2023 (5.49%).
- The 5-year CAGR from 2018 to 2023 also decreased significantly, reflecting a moderation in growth.
Future Trends to Watch For:
In the forecast period up to 2028, the HFC emissions are expected to grow at a slower rate with a forecasted 5-year CAGR of 3.56%. This suggests a deceleration in emission growth, highlighted by a total projected growth rate of 19.12% from 2024 to 2028. Monitoring regulatory changes, technological advancements, and market dynamics will be crucial in understanding the future trajectory of HFC emissions in Chile.
