As of 2023, total support on fossil fuels for consumers in Canada stood at a level below the forecasted figures for subsequent years. The forecast for 2024 begins at $811.56 million USD, with a consistent downward trend through 2028. The support value is expected to decrease year-on-year, demonstrating a projected trend of diminishing reliance on fossil fuels. The decline is approximately -6.44% year-on-year, with a compounded annual growth rate (CAGR) of approximately -4.46% over the five-year period from 2024 to 2028.

Future trends to watch:

Increased investment in renewable energy sources potentially accelerating the decrease in fossil fuel support.
Policy adjustments or innovations that might influence the trajectory of this declining trend.
Transition effects on various sectors such as energy, transportation, and industrial processes as they adapt to reduced fossil fuel support.