The 2023 data reveals a mixed trend across European countries in environmentally related tax revenue from taxes on energy in public administration and defense, as well as compulsory social security. The United Kingdom leads with $726.09 million, despite a slight decline of 0.89%. Norway and Romania experienced notable declines of 3.8% and 2.11% respectively. Conversely, Switzerland and Austria saw increases of 1.34% and 1.7%. Lesser markets like Estonia and Serbia showed increases, with Estonia at 3.24% and Serbia at a robust 4.75%. Croatia saw the sharpest decline at 6.86%.
Future trends to watch for in this sector include:
- Potential policy shifts focusing more on renewable energy and stricter environmental regulations could lead to increased tax revenue.
- Economic recovery and possible increased public spending in the aftermath of the global pandemic might affect tax revenues differently across regions.
- Technological advancements and energy efficiency improvements may influence tax bases, potentially leading to a decrease in tax revenue over time.
- As the EU intensifies its green transition agenda, tax restructuring and new eco-taxes might emerge, altering the tax landscape significantly.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Public Administration and Defence; Compulsory Social Security by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 726.09 | 2023 | -0.62% | -0.89% | View data |
| 2 | 2 Switzerland | 254.52 | 2023 | +2.04% | +1.34% | View data |
| 3 | 3 Belgium | 235.1 | 2023 | +2.09% | +0.79% | View data |
| 4 | 4 Norway | 104.86 | 2023 | -2% | -3.8% | View data |
| 5 | 5 Austria | 75.25 | 2023 | +3.19% | +1.7% | View data |
| 6 | 6 Czech Republic | 53.47 | 2023 | -0.54% | -1.93% | View data |
| 7 | 7 Romania | 26.49 | 2023 | +1.74% | -2.11% | View data |
| 8 | 8 Estonia | 10.89 | 2023 | +7.11% | +3.24% | View data |
| 9 | 9 Lithuania | 6.97 | 2023 | -5.38% | -3.62% | View data |
| 10 | 10 Bulgaria | 6.07 | 2023 | -5.8% | -3.76% | View data |
