From 2013 to 2023, Climate Change-Related Transport Tax Revenue in South Africa declined significantly, decreasing from 0.27 to 0.11 units of tax revenue. In the short term, variations were evident, with notable decreases in 2014, 2015, and subsequent years. Over the last two years, revenue shrank by 13.33% in 2022 and 15.38% in 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 averaged -8.34%, indicating consistent annual declines.
Going forward, the forecast outlines a further decrease, projecting zero revenue by 2028. Trends to watch include potential policy changes, economic shifts, and the impact of international climate agreements that might influence tax structures and revenue generation.
