The forecasted data indicates a steady increase in climate change-related total tax revenue in the US from 2024 to 2028. The value in 2023 stood at 111.45 Billion US Dollars PPP = 2010, depicting a growing trend in subsequent years. Year-on-year variations are modest but positive, reflecting slight percentage increases each year, contributing to a compound annual growth rate (CAGR) of approximately 1.23% over the five-year span.
Future trends to watch for:
- Potential policy changes impacting renewable energy incentives.
- Increases in carbon pricing influencing revenue growth.
- Adoption of stricter environmental regulations shaping future tax structures.
