In 2023, Italy led in environmentally related tax revenues from taxes on energy in European retail trade, amounting to $1.75 billion. The United Kingdom and Germany followed, with the UK showing a slight year-on-year increase of 0.93% while Germany saw a 3.95% decrease. The Netherlands also experienced growth at 1.17%, contrasting sharply with Spain's 4.35% decline. Sweden and Belgium had minor fluctuations with changes of -1.15% and 1.19%, respectively. Notably, Denmark faced the largest drop, with revenues plummeting by 22.11%.
Looking forward, watchers should focus on potential shifts in tax structures, renewable energy adoption, and economic policies influencing environmentally related tax revenues across Europe. Emerging regulations targeting carbon emissions and energy efficiency improvements might significantly reshape the tax landscape. Continuous tracking of these elements is crucial as they offer vital insights into future revenue trends.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Retail Trade (Except of Motor Vehicles and Motorcycles) by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,750 | 2023 | +0.21% | -0.74% | View data |
| 2 | 2 United Kingdom | 1,420 | 2023 | +1.41% | +0.93% | View data |
| 3 | 3 Germany | 656.66 | 2023 | -3.89% | -3.95% | View data |
| 4 | 4 Netherlands | 311.64 | 2023 | +2.23% | +1.17% | View data |
| 5 | 5 Spain | 287.1 | 2023 | +0.1% | -4.35% | View data |
| 6 | 6 Poland | 250.84 | 2023 | +0.42% | -1.87% | View data |
| 7 | 7 Sweden | 178.57 | 2023 | -0.45% | -1.15% | View data |
| 8 | 8 Belgium | 176.04 | 2023 | +2.11% | +1.19% | View data |
| 9 | 9 Switzerland | 156.62 | 2023 | +1.59% | +1.06% | View data |
| 10 | 10 Slovakia | 113.49 | 2023 | +1.47% | -0.99% | View data |
