In 2023, China's climate change-related tax revenue stood at 95.50 billion USD. The forecasted data from 2024 to 2028 indicates a steady increase in this revenue, with values growing from 98.23 billion USD in 2024 to 105.87 billion USD by 2028. The year-on-year growth rates are as follows: 2024 at 2.86%, 2025 at 1.97%, 2026 at 1.92%, 2027 at 1.85%, and 2028 at 1.81%, showing a gradual deceleration in growth. The compound annual growth rate (CAGR) over this five-year period is approximately 2.08%.
Future trends to watch for include:
- The impact of international climate policies on China’s tax revenues.
- Technological advancements in renewable energy affecting tax structures.
- China's domestic policy shifts towards sustainable development and how they might influence tax revenues.