In 2023, Italy led Europe in environmentally related tax revenue from all environmental taxes in scientific research and development, amassing $67.38 million US dollars (PPP = 2015), followed by Germany with $18.06 million. Notably, Italy experienced a 2.14% year-on-year increase, while Germany's revenue grew by 1.46%. Conversely, countries like Poland and Cyprus saw contractions, with year-on-year declines of 5.44% and 5.82%, respectively. The compound annual growth rate over the past five years highlights Italy's significant upward trend in environmental tax efforts, contrasting with declines in Hungary and Cyprus.
Looking ahead, Europe's focus on sustainable development is expected to drive further growth in environmentally related tax revenues. Emphasizing eco-innovation, governments could increase investments and incentives in scientific research and development, particularly in renewable energy and green technology patents. Monitoring the policy shifts, especially in leading countries like Italy and Germany, will be crucial for assessing future trends in this sector.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Scientific Research and Development Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 67.38 | 2023 | +2.31% | +2.14% | View data |
| 2 | 2 Germany | 18.06 | 2023 | +0.88% | +1.46% | View data |
| 3 | 3 Netherlands | 3.75 | 2023 | +1.54% | +0.52% | View data |
| 4 | 4 Poland | 2.66 | 2023 | -1.46% | -5.44% | View data |
| 5 | 5 Czech Republic | 1.3 | 2023 | +0.71% | +1.15% | View data |
| 6 | 6 Romania | 1.23 | 2023 | +1.49% | +0.26% | View data |
| 7 | 7 Sweden | 1.05 | 2023 | -0.083% | +2.09% | View data |
| 8 | 8 Norway | 0.8 | 2023 | +1.84% | -2.47% | View data |
| 9 | 9 Greece | 0.69 | 2023 | +0.41% | +1.31% | View data |
| 10 | 10 Slovakia | 0.6 | 2023 | +2.39% | -2.52% | View data |
