In 2023, China's air pollution-related pollution tax revenue was 3.75 billion USD. The forecasts for 2024 to 2028 show a steady upward trend, with revenues increasing year-on-year by approximately 4.4% from 2024 onwards. Specifically, the figures rise from 3.89 billion USD in 2024 to 4.56 billion USD by 2028, with a compound annual growth rate (CAGR) of roughly 4.05% over these five years. This consistent growth indicates strong government policies aimed at curbing pollution through economic measures.
Future trends to watch for:
- Strengthening of regulations which could further increase tax revenues.
- Technological advancements in cleaner energy which may affect overall tax structure.
- Macroeconomic factors that could impact industrial activity and consequently pollution levels.
- International agreements on climate change influencing national tax policies.