In 2023, Italy led in European environmentally related tax revenues in the water supply and waste management sectors, with notable growth of 0.74%. Spain, Netherlands, and Hungary also showed strong year-on-year growth, illustrating dynamic policy impacts. Significant declines were observed in Norway and Finland, with the latter experiencing a dramatic 41.49% drop. The United Kingdom and France exhibited slight decreases, indicating potential market saturation or policy shifts. Ireland and Croatia showed promising growth, suggesting emerging frameworks supporting environmental taxation. The sector's fluctuating performance reflects wider environmental and economic policies across Europe.
Future trends to watch include the potential for increased policy-driven growth in countries with currently lower revenues, like Malta and Slovenia. Innovations in sustainability initiatives and cross-border collaborations could bolster tax revenue as nations strive towards stringent EU environmental targets. Monitoring policy shifts in larger economies such as Italy and Germany may indicate broader regional impacts, while small Nordic countries might explore innovative environmental finance solutions in response to their declining revenues.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Water Supply; Sewerage, Waste Management and Remediation Activities Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 26.64 | 2023 | +0.97% | +0.74% | View data |
| 2 | 2 United Kingdom | 17.72 | 2023 | -0.53% | -1.03% | View data |
| 3 | 3 France | 12.07 | 2023 | +4.12% | -0.87% | View data |
| 4 | 4 Spain | 9.62 | 2023 | +3% | +3.74% | View data |
| 5 | 5 Belgium | 5.22 | 2023 | +1.4% | +0.45% | View data |
| 6 | 6 Netherlands | 4.31 | 2023 | -1.63% | +3.08% | View data |
| 7 | 7 Hungary | 3.95 | 2023 | +2.83% | +3.15% | View data |
| 8 | 8 Switzerland | 3.59 | 2023 | +3.46% | +2.62% | View data |
| 9 | 9 Sweden | 3.31 | 2023 | +2.27% | +2.2% | View data |
| 10 | 10 Czech Republic | 2.93 | 2023 | +0.47% | -0.69% | View data |
