Forecast: Climate Change-Related Total Tax Revenue in the UK

The climate change-related tax revenue in the UK is forecasted to increase steadily from 2024 to 2028, starting at 60.55 billion USD in 2024 and reaching 65.58 billion USD in 2028. This represents a year-on-year growth of approximately 2% during this period.

In 2023, the actual data stood at a similar level as the forecasted data for 2024, suggesting initial stability before the projected consistent increases.

Key trends to watch for the future include:

  • Potential policy changes aiming at accelerating the green transition, possibly impacting tax revenues.
  • Technological advancements and their influence on energy consumption and taxation models.
  • Global economic conditions and their indirect impact on climate-related tax revenues.

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