In 2023, Japan's climate change-related total tax revenue was 57.76 billion USD. The forecast data for 2024 to 2028 shows a declining trend, with revenues expected to decrease annually by approximately 1.32% on average, describing a continuous decline in the total tax revenue related to climate change. By 2028, the revenue is projected to fall to 54.22 billion USD. Over the five-year forecast period, the compound annual growth rate (CAGR) reflects an average annual decrease of about 1.59%.
Future trends to watch for include:
- Impacts of international climate policies on tax structures.
- Economic factors affecting tax rates and collections.
- Innovations and technological advancements influencing environmental measures and tax revenues.
- Public and corporate engagement in sustainable practices altering tax inflows.