In 2023, the direct transfer on all fossil fuels for consumers in Canada stood as the base point leading into the forecasted data. Forecasts show a steady increase from 2024 to 2028, where values rise from 37.39 million USD in 2024 to 40.38 million USD by 2028 at constant 2020 prices. This represents an approximate year-on-year growth percentage of about 2% over each year in the forecast period.
The compound annual growth rate (CAGR) over the five-year forecast period indicates consistent, although modest, financial growth in direct transfers.
Future trends to watch include potential shifts in energy policies, global oil price volatility, and technological advancements in renewable energy, which might impact fossil fuel subsidies or direct transfers.”
