The 2023 data shows that Solomon Islands held the highest global climate change-related tax revenue, while Trinidad and Tobago had the lowest. Over the past year, several countries experienced notable variations: Namibia, Mongolia, and Kazakhstan saw significant increases, while Ireland, Cyprus, and Bahamas faced the steepest declines. The Compound Annual Growth Rate (CAGR) suggests a steady climb in countries like Estonia, Madagascar, and Romania, although several others experienced considerable volatility, indicating an unbalanced global landscape. Year-on-year growth was particularly remarkable in developing countries, often seen as emerging climate action leaders.
Looking ahead, climate-related tax revenues will likely see a shift influenced by global environmental policies and economic recovery efforts. Countries rapidly adopting green transformations, such as India and Mongolia, could lead future growth, whereas dependency on fossil fuels may adjust policies in traditionally low-revenue nations.
Top countries in Climate Change-Related Total Tax Revenue by Country
| # | 10 Countries | Percent of Tax Revenue | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Solomon Islands | 25.92 | 2023 | +5.32% | -0.22% | View data |
| 2 | 2 India | 17.83 | 2023 | +1.07% | +1.03% | View data |
| 3 | 3 Guyana | 13.58 | 2023 | +10.77% | +0.66% | View data |
| 4 | 4 Madagascar | 13.3 | 2023 | +4.64% | +1.26% | View data |
| 5 | 5 Eswatini (Swaziland) | 11.37 | 2023 | |||
| 6 | 6 Dominican Republic | 11.31 | 2023 | +3.38% | -0.57% | View data |
| 7 | 7 Honduras | 10.35 | 2023 | +0.097% | -0.019% | View data |
| 8 | 8 Seychelles | 9.46 | 2023 | -1.36% | -0.31% | View data |
| 9 | 9 Bulgaria | 9.04 | 2023 | -0.88% | +0.96% | View data |
| 10 | 10 Latvia | 8.36 | 2023 | 0% | -0.19% | View data |
