In 2023, Italy led European environmentally related tax revenue in the sector with substantial revenue at 50.31 million USD despite a 2.52% decline from the previous year. The United Kingdom followed at 27.61 million USD, experiencing an 11.51% decrease. Belgium, Malta, and Austria maintained moderate revenue levels with minor fluctuations, except Malta which rose by 6.43%. The Czech Republic stood out with a significant 71.48% increase, indicating strong growth potential. Smaller economies like Latvia and Romania also saw positive trends, contrasting with Slovakia's notable 30.28% drop.
Future trends to watch include the potential for continued growth in the Czech Republic and emerging resilience in Latvia and Romania. With evolving environmental regulations, heightened focus on sustainability might drive further increases in green tax revenue across Europe.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Repair and Installation of Machinery and Equipment Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 50.31 | 2023 | -0.71% | -2.52% | View data |
| 2 | 2 United Kingdom | 27.61 | 2023 | -14.9% | -11.51% | View data |
| 3 | 3 Belgium | 9.05 | 2023 | -0.48% | -0.66% | View data |
| 4 | 4 Malta | 3.79 | 2023 | +4.16% | +6.43% | View data |
| 5 | 5 Austria | 2.09 | 2023 | +4.23% | +0.09% | View data |
| 6 | 6 Iceland | 1.82 | 2023 | +3.07% | -1.6% | View data |
| 7 | 7 Czech Republic | 1.2 | 2023 | +5.5% | +71.48% | View data |
| 8 | 8 Latvia | 0.46 | 2023 | +3.83% | +13.59% | View data |
| 9 | 9 Estonia | 0.38 | 2023 | +2.26% | +1.96% | View data |
| 10 | 10 Slovakia | 0.11 | 2023 | -50.05% | -30.28% | View data |
