In 2023, environmentally-related pollution tax revenue in the US was recorded at $2.42 billion. The forecast for 2024-2028 suggests slight year-on-year increases, stabilizing between $2.43 and $2.45 billion. The projected Compound Annual Growth Rate (CAGR) from 2024 to 2028 remains negligible.
Future trends to watch for:
- Potential policy changes might influence tax structures and rates, leading to further increases or decreases.
- A growing emphasis on sustainability could lead to new taxation sectors or adjustments.
- Technological innovations could affect emissions, thereby influencing tax revenues.