An analysis of Global Climate Change-Related Energy Tax Revenue shows variability across countries. In 2023, Uganda led with the highest revenue share at 13.35%, slightly decreasing from the previous year. Madagascar saw a modest increase at 1.26%, whereas Mongolia and Bhutan exhibited significant growth at 5.88% and 4.9%, respectively. Notably, Trinidad and Tobago experienced the largest decrease from 2022. Over five years, Kazakhstan and Belize showed remarkable compound annual growth.
Looking ahead, expect increased emphasis on renewables and carbon-reduction strategies affecting tax policy and revenue structures, with countries like Singapore and Kazakhstan spearheading significant changes.
Top countries in Climate Change-Related Energy Tax Revenue by Country
| # | 10 Countries | Percent of Tax Revenue | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Uganda | 13.35 | 2023 | -1.4% | -1.07% | View data |
| 2 | 2 Madagascar | 13.3 | 2023 | +4.64% | +1.26% | View data |
| 3 | 3 Eswatini (Swaziland) | 10.98 | 2023 | |||
| 4 | 4 Dominican Republic | 10.38 | 2023 | +2.77% | -0.019% | View data |
| 5 | 5 Honduras | 10.35 | 2023 | +0.097% | -0.019% | View data |
| 6 | 6 South Africa | 9.03 | 2023 | +0.44% | +0.72% | View data |
| 7 | 7 Estonia | 8.14 | 2023 | +6.27% | +2.17% | View data |
| 8 | 8 Seychelles | 7.77 | 2023 | -2.14% | -0.97% | View data |
| 9 | 9 Latvia | 6.83 | 2023 | 0% | +0.69% | View data |
| 10 | 10 Burkina Faso | 6.81 | 2023 | +1.34% | +0.12% | View data |
