The projected climate change-related energy tax revenue in the U.S. is expected to steadily decline from 0.37% of GDP in 2024 and 2025 to 0.34% by 2028. As this forecast is set against a backdrop of stabilized 2023 levels, it shows minimal fluctuations. Year-on-year variations between 2024 and 2028 suggest a modest decrease, averaging around a 1.5% annual decline as reflected by the CAGR over this period.

Future trends to watch for include:

Changes in U.S. energy policy and legislative measures regarding climate change mitigation efforts.
Shifts in global oil and gas prices, impacting taxation strategies.
Increased adoption of renewable energy resources potentially altering the energy tax structure.
Technological advancements in energy efficiency, potentially affecting tax revenue.