The UK's revenue from environmentally related taxes on energy in financial and insurance activities leads among European countries, with France and Poland following. Growth from 2023 to 2024 shows Ireland having the highest increase at 6.4%, while many countries such as Austria and Latvia see a decline, with Slovakia and Norway experiencing double-digit drops. Although several countries show negative trends over the year, positive growth in France, Italy, and Ireland indicates potential expansion areas.
Future trends to watch include the potential for policy changes promoting greener energy that might increase the tax revenues in countries currently experiencing declines. The expanding green finance sector may also impact future revenues. Monitoring the interplay between environmental policies and fiscal measures will be essential to understand better revenue potentials for each country.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Financial and Insurance Activities Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 34.68 | 2023 | +0.49% | +0.15% | View data |
| 2 | 2 France | 17.02 | 2023 | +2.65% | +0.83% | View data |
| 3 | 3 Poland | 13.95 | 2023 | -0.72% | -1.51% | View data |
| 4 | 4 Italy | 13.66 | 2023 | +1.27% | +1.87% | View data |
| 5 | 5 Netherlands | 7.6 | 2023 | +0.97% | -0.33% | View data |
| 6 | 6 Belgium | 2.48 | 2023 | +0.16% | -0.51% | View data |
| 7 | 7 Ireland | 2.22 | 2023 | +7.45% | +6.4% | View data |
| 8 | 8 Switzerland | 1.95 | 2023 | -1.05% | -2.02% | View data |
| 9 | 9 Sweden | 1.33 | 2023 | -1.58% | -2.28% | View data |
| 10 | 10 Denmark | 1.08 | 2023 | +0.14% | -3.74% | View data |
