The forecasted climate change-related transport tax revenue in Canada is anticipated to rise from 0.12 of the tax revenue in 2024 to 0.13 in 2026, maintaining this level through 2028. This represents a year-on-year growth of approximately 8.33% from 2025 to 2026. The compound annual growth rate (CAGR) over this period is about 2.52%. In comparison, these revenues were below 0.12 in 2023, marking a steady increase.
Future trends to watch for include potential policy changes or technological advancements that could further impact transport tax revenues. Any shifts in government priorities towards sustainable transport could significantly alter projections.
