From 2013 to 2016, Brazil saw a steady increase in climate change-related transport tax revenue, peaking at 2.19 Units in 2016. However, this was followed by a decline, with values dipping to 1.79 Units by 2021. Notably, the years 2022 and 2023 saw stabilization at 1.8 Units. The average annual decline over the past five years (CAGR) was -2.38%. Looking ahead, forecasts indicate a moderate and steady increase, with a forecasted CAGR of 0.11% by 2028, suggesting gradual recovery and stabilization.
Future trends to watch for:
- Government policies on green transportation initiatives.
- Technological advancements in renewable energy for transport.
- Economic shifts impacting tax policy and revenue.
