The air pollution-related energy tax revenue in Canada is forecasted to experience a slight decline from 2024 through 2028, with values decreasing from approximately $11.97 billion in 2024 to $11.86 billion by 2028. This represents a marginal year-on-year decrease, indicating a stable yet subtly diminishing trend. By 2028, the compound annual growth rate (CAGR) over the five-year period reflects a slight annual decrease, highlighting a steady downtrend in these revenues.
Future trends to watch for include:
- Potential policy changes impacting energy sector taxation.
- Technological advancements reducing reliance on polluting energy sources.
- Economic shifts influencing energy consumption patterns and tax revenues.
