The forecast for climate change-related total tax revenue in China from 2024 to 2028 shows a consistent year-on-year increase. Starting at $165.68 billion US Dollars PPP in 2024, it increases to $170.9 billion in 2025, up 3.15%, and continues this upward trend through 2028. The compound annual growth rate (CAGR) over this period is expected to be approximately 2.38%. This showcases a steady commitment to leveraging fiscal policy in addressing climate change.
Future trends worth watching include:
- Policy shifts in China regarding carbon taxation and renewable energy subsidies.
- Technological advancements in emission reduction strategies.
- China's role in global climate agreements influencing domestic tax revenues.
- Adaptations in tax structures to meet environmental targets.