In 2023, the air pollution-related energy tax revenue in the UK was approximately $3.50 billion (PPP 2010). Forecasts from 2024 reveal an upward trend, with revenue increasing yearly from $3.77 billion to $5.28 billion by 2028. Year-on-year growth rates are projected to be 10.34% from 2023 to 2024, then from 2024 to 2025, 10.34%, from 2025 to 2026, 9.13%, from 2026 to 2027, 8.15%, and from 2027 to 2028, 7.53%. The compound annual growth rate (CAGR) over this five-year period is projected to average 8.84%.

Future trends to watch for include the potential impact of new regulations targeting carbon emissions, technology advancements in cleaner energy, and shifts in public and corporate investment towards sustainable practices, which can influence tax revenue growth rates.

2023 Starting point: $3.50 billion
2024 Projected revenue: $3.77 billion
2025 Projected revenue: $4.16 billion
2026 Projected revenue: $4.54 billion
2027 Projected revenue: $4.91 billion
2028 Projected revenue: $5.28 billion