The climate change-related tax revenue in Brazil, standing at 18.29 billion USD PPP in 2024, is foreseen to slightly decline each year, reaching 18.02 billion USD by 2028. The annual year-on-year decreases reflect a subtle downward trend, with a compound annual growth rate (CAGR) indicating a small average annual reduction over the forecast period. In 2023, tax revenue was comparable to the initial forecasted figures for 2024.
Future trends to watch for include:
- Development and implementation of new climate policies or reforms that could influence tax structures.
- Changes in Brazil's economic landscape and international climate agreements impacting tax revenues.
- The potential impact of technological advancements and green investments on tax revenue streams.
