Japan's climate change-related tax revenue, expressed as a percentage of GDP, is forecasted to decline from 1.14% in 2024 to 1.09% by 2028. This represents a steady annual decrease, with minimal year-on-year variation and a compound annual growth rate (CAGR) reflecting a subtle downtrend over the five-year period. In 2023, the percentage stood slightly higher, indicating a sustained decrease as forecasted moving forward.
Future trends to watch for include potential policy changes aimed at combating climate change, which might influence future tax revenue structures, especially considering increasing global pressures for environmental reforms and investments in sustainable technologies.
