As of 2023, climate change-related total tax revenue in Canada stood at approximately 16 billion USD (PPP 2010). The data forecasts a steady growth, with values climbing from 16.08 billion USD in 2024 to 16.49 billion USD by 2028. Year-on-year growth reveals nominal increases of approximately 0.7% to 0.6% annually. The compound annual growth rate (CAGR) for the period 2024-2028 is projected to be around 0.62%, demonstrating a consistent upward trajectory in climate-related tax revenue.
Future trends to watch for include potential policy shifts in climate change regulations, technological innovations promoting green energy, and economic fluctuations affecting tax revenue projections. Additionally, international agreements and further carbon pricing mechanisms may influence the growth of climate change-related tax revenues in Canada.
