The Netherlands leads in European environmentally related tax revenue from pollution taxes in public administration and defense, showing significant growth at 7.98% year-on-year in 2023. Conversely, countries like Italy and Austria experienced noticeable declines of 12.01% and 10.9%, respectively. Slovakia witnessed a remarkable increase of 17.89%, demonstrating a strong upward momentum. France and Switzerland showed moderate growth, while Denmark and Belgium recorded slight declines. The Czech Republic faced the steepest drop of 37.36%, indicating challenges in tax revenue generation from these sectors. Over a five-year horizon, the data reveals varying trends, with noteworthy growth in some countries.
Future trends to watch include an increased focus on green taxation policies, driven by European Union initiatives targeting pollution reduction. Countries with decreasing revenues may need to enhance their environmental policies and implement innovative tax strategies to align with the EU's green ambitions. Enhanced harmonization of policies across Europe could boost tax revenues while promoting sustainability goals.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Public Administration and Defence; Compulsory Social Security by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 150.82 | 2023 | +1.8% | +7.98% | View data |
| 2 | 2 France | 66.24 | 2023 | +1.27% | +0.72% | View data |
| 3 | 3 Switzerland | 7.6 | 2023 | +1.97% | +1.9% | View data |
| 4 | 4 Belgium | 6.18 | 2023 | -2.48% | -2.6% | View data |
| 5 | 5 Denmark | 5.92 | 2023 | +0.039% | -0.72% | View data |
| 6 | 6 Poland | 5.68 | 2023 | -4.49% | -3.54% | View data |
| 7 | 7 Sweden | 1.46 | 2023 | +6.61% | +5.78% | View data |
| 8 | 8 Slovakia | 1.45 | 2023 | +4.54% | +17.89% | View data |
| 9 | 9 Serbia | 0.96 | 2023 | +4.2% | +6.13% | View data |
| 10 | 10 Italy | 0.74 | 2023 | -9.44% | -12.01% | View data |
