The 2024 forecast for climate change-related pollution tax revenue highlights the United States leading significantly, with a substantial increase of 6.49% compared to 2023. Estonia follows, showing remarkable growth with a 25.62% increase. Conversely, Spain and Kazakhstan experienced declines of 1.14% and 2.03% respectively. Notable growth was seen in smaller economies like Uganda (12.96%) and Cameroon (35.52%). While countries like Norway and Costa Rica saw declines, Australia surged dramatically by 83.65%. The five-year CAGR indicates varying commitment levels and economic capabilities in implementing pollution taxes.
Future trends to watch include:
- Potential for policy changes influencing tax rates.
- Increased collaboration among countries for standardized tax systems.
- Monitoring the economic impact on smaller nations showing rapid growth.
- Expanding carbon markets influencing tax revenues globally.
Top countries in Climate Change-Related Pollution Tax Revenue Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 29.33 | 2023 | +10.47% | +6.49% | View data |
| 2 | 2 Estonia | 18.61 | 2023 | +17.95% | +25.62% | View data |
| 3 | 3 Spain | 12.26 | 2023 | +3.34% | -1.14% | View data |
| 4 | 4 Kazakhstan | 8.22 | 2023 | -2.69% | -2.03% | View data |
| 5 | 5 South Africa | 7.53 | 2023 | +37.23% | View data | |
| 6 | 6 Israel | 7.21 | 2023 | +6.04% | +7.22% | View data |
| 7 | 7 Chile | 6.26 | 2023 | +2.92% | -0.68% | View data |
| 8 | 8 Poland | 3.23 | 2023 | -5.25% | +11.15% | View data |
| 9 | 9 Uganda | 1.92 | 2023 | +7.78% | +12.96% | View data |
| 10 | 10 Norway | 1.74 | 2023 | +3.55% | -6.28% | View data |
