Analysis of Global Climate Change Related Taxes by Country shows considerable variation. In 2023, India led with 18.35% of tax revenue, while Malaysia was at the lower end with 1.4%. Over the last year, Japan increased significantly by 8.25%, while Iceland decreased by 6.23%. The five-year CAGR suggests Japan is leading the positive trend, whereas the United Kingdom, Ireland, and Germany are witnessing a gradual decline.
Future trends to watch for include:
- Emerging economies might increase climate-related tax revenue as they seek greater global compliance.
- Developing countries could see more variance influenced by policy changes and economic factors.
- EU countries may consolidate climate taxes, impacting their internal variations.
Top countries in Climate Change Related Taxes by Country
| # | 10 Countries | Percent of Tax Revenue | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 18.35 | 2023 | +1.2% | +1.12% | View data |
| 2 | 2 Estonia | 11.46 | 2023 | +2.67% | +2.5% | View data |
| 3 | 3 Latvia | 9.2 | 2023 | +0.52% | +1.55% | View data |
| 4 | 4 Netherlands | 8.08 | 2023 | +0.025% | +0.4% | View data |
| 5 | 5 Croatia | 7.85 | 2023 | +2% | +1.65% | View data |
| 6 | 6 Slovenia | 7.48 | 2023 | -0.44% | -0.64% | View data |
| 7 | 7 United Kingdom | 6.39 | 2023 | -0.88% | -0.98% | View data |
| 8 | 8 Bulgaria | 6.33 | 2023 | -1.97% | -1.3% | View data |
| 9 | 9 Cyprus | 6.09 | 2023 | +0.43% | -1.92% | View data |
| 10 | 10 Lithuania | 6.01 | 2023 | +0.2% | -0.44% | View data |
