OTTAWA — The latest Early Estimate of National Emissions from the Canadian Climate Institute shows a modest improvement in national emissions in 2023, with a drop of about 1% from 2022 levels. Progress was uneven across sectors, with electricity showing large drops in emissions while oil and gas emissions rose. The independent estimate finds Canada’s emissions now sit at 8 per cent below 2005 levels, the baseline year for Canada’s 2030 emissions target of a 40 to 45% reduction. Strong economic growth in 2023 pushed emissions up by 8.6 Mt CO2e from the previous year. However, the impact of climate policy and changing markets, including accelerating clean energy technology deployment, succeeded in reducing emissions by 14.2 Mt, resulting in an overall net decrease of 5.6 Mt. At a sectoral level, oil and gas continued a long-standing trend of steadily rising emissions… emissions from the electricity sector continued to drop, and… buildings saw a drop in emissions (-5.6 per cent; -4.9 Mt).