In 2023, Italy led in environmentally related tax revenue from mining and quarrying among European countries, with a marginal decrease of 0.74% reflecting potential stagnation or efficiency in environmental policies. Spain and Sweden showed growth at 1.9% and 3.46%, suggesting expanding tax bases or improved tax enforcement. The Czech Republic and Slovakia demonstrated significant increases of 19.8% and 8.79%, indicating rising environmental focus in mining practices. Germany, however, fell by 3.79%, possibly due to a decline in mining activities or increased efficiency.
Future trends to watch involve:
- A potential shift in taxation strategies to drive sustainable practices in the mining sector.
- Fluctuations in energy and raw material demands impacting tax revenues.
- Continued technological advancements for cleaner mining possibly reducing tax obligations over time.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Mining and Quarrying Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 34.66 | 2023 | +1.75% | -0.0074% | View data |
| 2 | 2 Spain | 18.98 | 2023 | +3.47% | +1.9% | View data |
| 3 | 3 Sweden | 11.23 | 2023 | +3.34% | +3.46% | View data |
| 4 | 4 Germany | 8.06 | 2023 | -4.8% | -3.79% | View data |
| 5 | 5 Austria | 5.87 | 2023 | +1.69% | +0.22% | View data |
| 6 | 6 Czech Republic | 5.23 | 2023 | +3.3% | +19.8% | View data |
| 7 | 7 Finland | 4.87 | 2023 | +2.47% | +0.54% | View data |
| 8 | 8 Ireland | 3.74 | 2023 | +1.75% | +0.37% | View data |
| 9 | 9 Serbia | 3.39 | 2023 | +2.88% | +4.3% | View data |
| 10 | 10 Belgium | 1.37 | 2023 | +2.47% | +1.33% | View data |
