The climate change-related total tax revenue in Canada was valued at $15 billion USD in 2023. Forecasted figures from 2024 to 2028 indicate a steady increase in revenue, starting from $15.76 billion in 2024 and reaching $16.28 billion in 2028. Year-on-year variation is consistent with a modest increase of approximately 0.82% per year. Over the forecasted period, the compound annual growth rate (CAGR) is about 0.82%.
Future trends to watch for include potential shifts in tax policy due to changing governmental priorities, technological advancements in renewable energy sector, and increasing public demand for environmentally sustainable practices which could further impact tax revenues.
