The European Environmentally Related Tax Revenue from taxes on energy in activities auxiliary to financial services and insurance activities was primarily dominated by the United Kingdom, with a value standing at 47.37 million USD in 2023. Other notable contributions came from Italy at 22.58 million USD and the Netherlands at 9.36 million USD. Year-on-year percentage variations highlight growth in Slovakia at 10.95%, Italy at 4.68%, and the Netherlands at 3.21%. Conversely, significant declines occurred in Lithuania, Sweden, and Norway. Over the past five years, the average annual growth rate (CAGR) across these countries shows varied performance, indicating different national priorities and policy impacts.
Future trends to watch include potential policy shifts towards greener energy sources, impacting tax structures and revenues. As countries strive to meet international climate commitments, there’s likely to be an increased focus on sustainable financial services. Continued investment in renewable energy and potential tax incentives may alter current trends, with potential shifts in tax revenue distributions among European countries. Monitoring regulatory changes and technological advancements will be crucial in forecasting these trends.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Activities Auxiliary to Financial Services and Insurance Activities Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 47.37 | 2023 | +1.34% | +0.58% | View data |
| 2 | 2 Italy | 22.58 | 2023 | +2% | +4.68% | View data |
| 3 | 3 Netherlands | 9.36 | 2023 | +2.21% | +3.21% | View data |
| 4 | 4 Germany | 6.42 | 2023 | -2.15% | +0.65% | View data |
| 5 | 5 Belgium | 5.9 | 2023 | +0.073% | -0.61% | View data |
| 6 | 6 Finland | 2.5 | 2023 | +2.81% | +1.71% | View data |
| 7 | 7 Poland | 1.7 | 2023 | -0.72% | -1.76% | View data |
| 8 | 8 Portugal | 0.78 | 2023 | -4.22% | -2.39% | View data |
| 9 | 9 Greece | 0.74 | 2023 | -1.88% | -3.09% | View data |
| 10 | 10 Denmark | 0.37 | 2023 | +0.34% | -6.05% | View data |
