The forecasted support for fossil fuel producers in Canada, expressed as a percentage of GDP, shows a gradual decline from 2024 to 2028, tapering off at 0.053% by 2028. The year-on-year decline stabilizes around 0.001 percentage points annually. The five-year Compound Annual Growth Rate (CAGR) indicates a consistent yet modest contraction in GDP percentage terms supporting fossil fuels.
Future trends to watch for:
- Potential policy shifts impacting fossil fuel subsidies
- Advancements in renewable energy technologies influencing support allocations
- Global market dynamics affecting domestic energy policy decisions
