In 2023, the air pollution-related energy tax revenue in the US stood at approximately 92.8 billion USD. From 2024 onwards, forecasted data indicate a gradual increase in revenue each year, reaching 98.96 billion USD by 2028. This reflects a steady year-on-year growth rate of about 1.3% to 1.5%. The compound annual growth rate (CAGR) over this five-year forecast period is approximately 1.6%.
Future trends to watch for include:
- Potential policy changes related to energy taxation and emissions regulations that could impact revenue forecasts.
- Technological advancements in clean energy that might alter the reliance on traditional energy sources and thus tax revenue.
- Economic factors such as inflation and energy market dynamics influencing tax revenue growth rates.