Forecast: Climate Change-Related Total Tax Revenue in the UK

In 2023, the climate change-related total tax revenue in the UK per capita, adjusted for purchasing power parity, stood at approximately 890 USD. From 2024 to 2028, forecasts suggest a marginal year-on-year increase in revenue, maintaining an average yearly growth rate (CAGR) of under 0.1%. This trend indicates stability in the per capita revenue collected through climate-related taxes, suggesting established policy frameworks and emission regulations in place.

Future Trends to Watch For:

  • Potential revisions in climate policy might increase fiscal revenue derived from carbon taxes.
  • Economic factors and inflation may influence adjustments in tax rates and overall revenue collections.
  • Technological advancements facilitating cleaner energy adoption could impact related tax revenue flows.

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