In 2023, Canada's greenhouse gas emissions stood at 734.09 million metric tons of CO2 equivalent. Over the last decade, the emissions have shown a fluctuating pattern, with some years experiencing reductions while others saw increases. Year-on-year changes have generally been modest, ranging from a decrease of 2.24% in 2016 to a rise of 1.73% in 2018. Over the past five years, the average annual growth rate (CAGR) was approximately 0.15%. Looking ahead, emissions are forecasted to rise steadily, reaching 740.79 million metric tons by 2028, with an expected 5-year CAGR of 0.14%.
Future trends to watch for include policy changes aimed at reducing greenhouse gas emissions, technological advancements in renewable energy, and economic shifts that may impact Canada's overall carbon footprint. Monitoring these factors will be crucial in understanding and mitigating future emission levels.
