In 2023, climate change-related resources tax revenue in China stood at a stable level. Forecasted data from 2024 reveals a consistent trend, with minor annual increases. From 2024 to 2028, the tax revenue maintains a steady growth, increasing from 0.2% to 0.22% of GDP. This represents a slight yet stable growth trajectory with a subdued average annual growth rate over the five-year forecast period.

Future trends to watch for:

Potential policy changes aiming to increase the tax rate and broaden the tax base to align with China’s net-zero emissions goal.
Increased government investment in sustainable technologies and energy transitions could impact tax revenue growth.
Monitoring economic growth and industrial activity, as these may influence GDP and subsequently, the relative value of tax revenue.