The climate change-related tax revenue in India shows a steady growth pattern over the forecasted years from 2024 to 2028. It is anticipated to increase from $127.58 billion in 2024 to $142.28 billion in 2028. The year-on-year growth rates from 2024 to 2028 range between approximately 2.98% and 3.51%, indicating consistent growth in this revenue stream. The compound annual growth rate (CAGR) over this period is around 2.79%.
Future trends to watch for include policy shifts that may affect tax revenues, emerging technologies that impact energy and emissions, and potential international agreements on climate change which could alter the fiscal landscape. These factors could significantly influence future tax revenue projections and necessitate continual adjustment to forecasts.
