In 2024, Norway leads European countries with the highest environmentally related tax revenue from energy in mining and quarrying, totaling 865.08 million USD, followed by Italy and the United Kingdom. The Czech Republic saw the most significant year-on-year increase at 21.71%, while Poland experienced a notable decline of 7.83%. Over the past year, some countries like Sweden, Estonia, and Slovakia recorded modest growth, indicating further interest in leveraging such taxes. Conversely, nations like France and Greece saw declines.
Future trends to consider include shifting to sustainable mining processes, influencing tax policies. As environmental concerns increase, taxes may rise, aligning financial motivation with ecological benefits. Challenges include balancing economic interests with environmental responsibilities.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Mining and Quarrying by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 865.08 | 2023 | +0.56% | +0.56% | View data |
| 2 | 2 Italy | 442.83 | 2023 | +1.79% | +0.054% | View data |
| 3 | 3 United Kingdom | 257.58 | 2023 | -0.72% | -1.45% | View data |
| 4 | 4 Sweden | 133.56 | 2023 | +4.44% | +4.86% | View data |
| 5 | 5 France | 103.69 | 2023 | +1.57% | -2.04% | View data |
| 6 | 6 Romania | 81.92 | 2023 | +1.48% | +4.56% | View data |
| 7 | 7 Czech Republic | 68.22 | 2023 | +3.95% | +21.71% | View data |
| 8 | 8 Finland | 60.02 | 2023 | +2.67% | +1.06% | View data |
| 9 | 9 Poland | 59.99 | 2023 | -3.94% | -7.83% | View data |
| 10 | 10 Ireland | 49.11 | 2023 | +1.92% | +0.48% | View data |
