In 2023, Italy led the European environmentally related tax revenue from all environmental taxes in scientific research and development with 56.08 million USD, showing a modest 1.08% increase from the previous year. France followed with 35.8 million USD but experienced a slight downturn of 0.28%. Other countries displayed mixed performance, with Switzerland and Spain showing positive growth, while Eastern European countries like Slovakia and Hungary saw notable declines. Ireland and Austria demonstrated robust increases, exceeding 5%, highlighting their commitment to environmental initiatives.
Future trends to watch include the potential for increased investment in environmental tax revenue utilization in more countries as sustainable practices become priority. Italy and Ireland may lead this shift, and monitoring emerging policies in these regions will be essential in understanding European environmental tax revenue dynamics.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Scientific Research and Development Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 56.08 | 2023 | +1.97% | +1.08% | View data |
| 2 | 2 France | 35.8 | 2023 | +4.88% | -0.28% | View data |
| 3 | 3 Switzerland | 2.78 | 2023 | +1.41% | +0.19% | View data |
| 4 | 4 Spain | 1.86 | 2023 | +0.13% | +0.85% | View data |
| 5 | 5 Ireland | 0.95 | 2023 | +3.93% | +5.87% | View data |
| 6 | 6 Austria | 0.75 | 2023 | +1.08% | +5.07% | View data |
| 7 | 7 Romania | 0.59 | 2023 | +2.08% | +0.54% | View data |
| 8 | 8 Greece | 0.43 | 2023 | -1.2% | -0.97% | View data |
| 9 | 9 Slovakia | 0.34 | 2023 | +2.1% | -3.28% | View data |
| 10 | 10 Hungary | 0.19 | 2023 | -6.95% | -5.37% | View data |
