The analysis of the European Environmentally Related Tax Revenue for 2023 shows varied performances across countries. Switzerland and Italy experienced a small decline, whereas Sweden and Hungary saw noticeable growth. The UK and Denmark faced significant decreases. Estonia and the Czech Republic showed substantial improvements, suggesting effective measures or increased tax enforcement. Meanwhile, Latvia and Portugal reported commendable growth. The five-year CAGR reflects an ongoing complexity in environmental tax strategies, with varying levels of adaptation and enforcement effectiveness across different national contexts.
Looking ahead, key trends include increased alignment with EU Green Deal objectives, adoption of stricter regulations, and enhanced cross-border regulatory consistency. Further, digitalization and improved reporting could drive transparency and efficiency in tax collection across Europe.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Manufacturing of Wood, of Products of Wood and Cork (Except Furniture), of Articles of Straw and Plaiting Materials Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 28.84 | 2023 | -1.96% | -1.17% | View data |
| 2 | 2 Sweden | 27.1 | 2023 | +1.26% | +2% | View data |
| 3 | 3 Hungary | 9.38 | 2023 | +3.95% | +3.16% | View data |
| 4 | 4 Italy | 7.84 | 2023 | -0.061% | -1.57% | View data |
| 5 | 5 United Kingdom | 5.8 | 2023 | -6.58% | -6.19% | View data |
| 6 | 6 Austria | 5.44 | 2023 | +3.26% | +0.36% | View data |
| 7 | 7 Netherlands | 4.74 | 2023 | -0.039% | -0.69% | View data |
| 8 | 8 Estonia | 3.13 | 2023 | +6.2% | +5.45% | View data |
| 9 | 9 Denmark | 2.39 | 2023 | -3.36% | -4.2% | View data |
| 10 | 10 Lithuania | 1.61 | 2023 | +0.81% | -3.45% | View data |
