In 2023, China’s air pollution-related total tax revenue was forecast at a significantly lower value compared to 2024, marking the beginning of a steady increase in per capita revenue forecasts. The year-on-year growth rates are consistently around 3.5% between each subsequent year from 2024 to 2028, highlighting a positive trend in strengthening green tax policies. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is also approximately 3.5%, indicating a stable increase in efforts to address pollution through taxation.
Future trends to watch for include the implementation of stricter environmental regulations and technological advancements that could affect pollution levels and, consequently, tax revenues. Additionally, shifts in economic and industrial policies may alter revenue forecasts significantly.
