Forecast: Energy Public R&D Budget in Canada

The forecast for Canada's energy public R&D budget from 2024 to 2028 remains constant at 0.06% of GDP, indicating no expected increases or decreases in public investment relative to the national economy during this period. Based on the forecasted data, the budget remains stable, showing no year-on-year variation in these years. Given that the actual data from 2023 shows the same percentage, the compound annual growth rate (CAGR) from 2023 to 2028 is also flat, reflecting no growth or decline.

Future trends to watch include:

  • Potential changes in governmental energy policies that could impact funding levels.
  • Shifts in global energy trends that may necessitate increased R&D investments.
  • The impact of technological advancements on energy efficiency and innovation requiring further budget adjustments.

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