The data indicates that in 2023, Portugal led in environmentally related tax revenue from taxes on energy-related GHG emissions in the manufacturing of food products, beverages, and tobacco, generating $66.8 million. Norway and Denmark followed with $27.7 million and $22.15 million, respectively. In 2023, Portugal's revenue increased by 6.24%, Norway grew by 0.92%, while Denmark saw a decrease of 0.96%. Slovenia and Latvia recorded significant growth, at 5.8% and 19.64% respectively. Over the past five years, the industry has experienced varying rate changes, impacting nations differently.
Future Trends to Watch:
- Rising environmental awareness and stricter regulations may increase environmentally related tax revenues across Europe.
- Investment in green technologies by manufacturers could impact future tax collections.
- Geopolitical shifts and energy policy changes might cause fluctuations in tax revenues by country.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy Related GHG Emissions in Manufacturing of Food Products, Beverages and Tobacco Products by Country
| # | 5 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 66.8 | 2023 | +6.04% | +6.24% | View data |
| 2 | 2 Norway | 27.7 | 2023 | +2.79% | +0.92% | View data |
| 3 | 3 Denmark | 22.15 | 2023 | +0.45% | -0.96% | View data |
| 4 | 4 Slovenia | 2.03 | 2023 | +4.17% | +5.8% | View data |
| 5 | 5 Latvia | 0.11 | 2023 | +23.56% | +19.64% | View data |
