In 2023, Estonia stood out with the highest climate change-related pollution tax revenue at 4.21% of tax revenue, reflecting a year-on-year increase of 20.75%. Uganda also saw a significant rise of 7.2%, bringing its share to 1.09%. On the other hand, countries like Kazakhstan and Chile faced slight declines, while significant drops were recorded in Senegal and Tunisia at 19.39% and 16.74%, respectively. Meanwhile, the United States experienced a notable increase in this revenue stream by 14.87% but still accounts for only 0.02% of its tax revenue. Over the last five years, the compound annual growth rate varied by country, with Estonia consistently leading in growth.
Looking ahead, regulatory changes and international agreements could impact the trajectory of pollution tax revenues. Key trends to monitor include efforts to harmonize pollution taxes, the transition to green energy, and countries' commitment to reducing emissions. Moreover, emerging economies might increase their tax revenue as they develop more stringent environmental policies.
Top countries in Climate Change-Related Pollution Tax Revenue by Country
| # | 10 Countries | Percent of Tax Revenue | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 4.21 | 2023 | +15.66% | +20.75% | View data |
| 2 | 2 Uganda | 1.09 | 2023 | +2.83% | +7.2% | View data |
| 3 | 3 Kazakhstan | 0.8 | 2023 | -1.64% | -0.75% | View data |
| 4 | 4 Bhutan | 0.66 | 2023 | +13.79% | +5.64% | View data |
| 5 | 5 Malta | 0.55 | 2023 | +1.85% | +3.64% | View data |
| 6 | 6 Mauritius | 0.47 | 2023 | +6.82% | +2.28% | View data |
| 7 | 7 Chile | 0.27 | 2023 | +3.85% | -1.42% | View data |
| 8 | 8 Senegal | 0.23 | 2023 | +3.58% | -19.39% | View data |
| 9 | 9 Guatemala | 0.2 | 2023 | 0% | +3.3% | View data |
| 10 | 10 Latvia | 0.16 | 2023 | 0% | -1.21% | View data |
