Forecast: Total Support on Natural Gas for Fossil Fuel Production in Canada

The total support for natural gas in fossil fuel production in Canada remains stable from 2024 to 2028, maintaining a consistent average value around 0.038-0.039% of GDP. This indicates marginal fluctuations and suggests a stable forecast for the near future. Comparing year-on-year data, the support remains effectively unchanged across the five-year period, showcasing minimal volatility.

Future trends to watch for include:

  • An increasing shift towards renewable energy, which might impact governmental supports in fossil fuels.
  • Potential changes in global energy demand affecting domestic policy and the role of natural gas in Canada's energy sector.
  • Regulatory changes, especially around carbon emissions, which could influence the level of support for fossil fuel production.

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