In 2023, Portugal led with $47.78 million in environmentally related tax revenue from energy-related GHG emissions in chemical and pharmaceutical manufacturing, showing a 5.53% increase from the prior year. Norway's revenue stood at $20.69 million, slightly declining by 1.45%. Denmark generated $7.37 million, experiencing a 3.41% decrease. Slovenia collected $1.54 million with a marginal drop of 0.23%. Meanwhile, Latvia saw a notable increase of 13.51% but only reached $0.031 million.
Future trends to watch in this sector include:
- The potential impacts of stricter EU emissions regulations on revenue collections.
- Advancements in green technology within the chemical and pharmaceutical industries.
- Variations in energy prices impacting GHG emissions and related taxes.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy Related GHG Emissions in Manufacturing of Chemicals, Basic Pharmaceuticals and Preparations by Country
| # | 5 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 47.78 | 2023 | +5.97% | +5.53% | View data |
| 2 | 2 Norway | 20.69 | 2023 | -0.43% | -1.45% | View data |
| 3 | 3 Denmark | 7.37 | 2023 | -2.5% | -3.41% | View data |
| 4 | 4 Slovenia | 1.54 | 2023 | -1.09% | -0.23% | View data |
| 5 | 5 Latvia | 0.031 | 2023 | +3.26% | +13.51% | View data |
