In 2023, France led the European Environmentally Related Tax Revenue from Taxes on Energy in the Information and Communication sector with $1.07 billion PPP, experiencing a 2.33% year-over-year increase. Italy and Ireland saw significant rises, with 12.87% and 8.73%, respectively. In contrast, Germany and Spain witnessed slight decreases. Notably, Slovenia achieved the highest growth at 20.87%, while countries like Bulgaria and Denmark saw double-digit declines. Austria faced a notable decrease of 9.8%. Over the past five years, a mixed trend with modest growth characterizes Europe's environmentally related tax revenue.
Looking ahead, Slovenia's robust growth indicates a reformed tax strategy's potential impact. Watch for policy shifts and technologies that may influence energy consumption patterns, impacting tax revenues. Regional collaboration for sustainable energy use may harmonize European tax rates, impacting future revenues. Additionally, fluctuations in energy prices and digitalization intensification could reshape revenue streams.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Information and Communication by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,070 | 2023 | +6.37% | +2.33% | View data |
| 2 | 2 Italy | 501.55 | 2023 | +3.43% | +12.87% | View data |
| 3 | 3 Germany | 425.16 | 2023 | -1.36% | -0.79% | View data |
| 4 | 4 Spain | 283.43 | 2023 | +0.84% | -1.09% | View data |
| 5 | 5 Ireland | 179.44 | 2023 | +8.46% | +8.73% | View data |
| 6 | 6 Netherlands | 155.2 | 2023 | +4.58% | +2.28% | View data |
| 7 | 7 Belgium | 146.65 | 2023 | +2.76% | +2.33% | View data |
| 8 | 8 Poland | 82.09 | 2023 | -0.52% | -4.06% | View data |
| 9 | 9 Sweden | 54.46 | 2023 | +0.19% | -0.15% | View data |
| 10 | 10 Greece | 43.84 | 2023 | +1.77% | +2.13% | View data |
