Canada's 2023 Greenhouse Gas Emissions Reach 27-Year Low

The Government of Canada has released early estimates indicating that the country's greenhouse gas emissions for 2023 have decreased to 694 megatonnes. This represents a reduction of 6 megatonnes from the previous year, comparable to taking over 1.8 million cars off the road for a year. These figures are part of the National Inventory Report, showing the lowest emissions level in 27 years, excluding the pandemic years.

The announcement was made by Steven Guilbeault, Minister of Environment and Climate Change, who noted the year-over-year decline in emissions between 2022 and 2023. The full report is scheduled for release in the spring of 2025.

Preliminary data highlights a 34% reduction in the emission intensity of Canada's economy since 2005. Additionally, emissions from electricity have decreased by 67 megatonnes, attributed largely to the phase-out of coal-fired electricity generation.

Looking ahead, the government plans to implement further pollution reduction measures in the oil and gas industry by 2025. This includes finalizing Investment Tax Credits to support technologies aimed at reducing emissions.

These developments are part of ongoing efforts to address climate change and reduce greenhouse gas emissions, with more detailed data and analysis expected in the coming months.