In 2023, Canada's climate change-related energy tax revenue was 15.2 billion USD. Forecasted data from 2024 to 2028 projects a gradual increase in revenue from 15.3 to 15.63 billion USD. The year-on-year growth fluctuates just slightly, with each year's growth hovering around 0.52%. The compound annual growth rate (CAGR) over this five-year period is approximately 0.54%, indicating a steady but modest upward trend.
Future trends to watch for:
- Policies and regulations impacting energy taxation and pricing.
- The pace and extent of renewable energy adoption across sectors.
- Potential technological advancements leading to energy efficiency.
