Japan's climate change-related tax revenue indicates a declining trend. Starting in 2024 at $60.31 billion, this revenue is forecasted to decrease annually, reaching $57.56 billion by 2028. From 2024 to 2025, a reduction of 1.16% is anticipated, with successive declines of 1.16%, 1.17%, and 1.15% until 2028. The compound annual growth rate (CAGR) forecasts an average annual decline of 1.17% over this period.
Future trends to watch for include potential policy changes aimed at bolstering climate-related revenues, technological advancements in green technologies, or increasing carbon pricing. Additionally, international agreements may influence Japan's climate-focused fiscal policies.
