Canada's total CO2 emissions stood at 547.12 million metric tons in 2023. Over the last two years (2021-2023), the emissions displayed a steady year-on-year increase of 0.13% and 0.14% respectively. Analyzing the Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) shows an average annual increase of 0.14%. From 2013 to 2023, emissions show a generally slight upward trend, unaffected significantly by short-term fluctuations.
Looking ahead, the forecasts from 2024 to 2028 predict a gradual increase in emissions with a five-year CAGR of 0.1% and an overall growth rate of 0.5%. Future trends to watch for include potential policy interventions aimed at reducing carbon footprints, advancements in renewable energy technology adoption, and the impact of carbon pricing mechanisms. These could significantly influence the future trajectory of Canada's carbon dioxide emissions.
