The European environmentally related tax revenue from taxes on energy in the manufacturing of basic metals shows varied trends across countries in 2024. Italy, despite being the highest contributor, has seen a slight decline. Germany and Poland show strong growth at 6.67% and 11.53% respectively, indicating an upward trajectory in tax revenue. Romania, Slovakia, and Hungary showcase notable increases, with Hungary observing an impressive 19.98% rise. Conversely, countries like Spain, Finland, and Denmark exhibit declines, with Denmark experiencing the most significant reduction at 11.68%.
Looking forward, the focus should be on the potential for increased tax incentives related to sustainable energy, and the implementation of new environmental policies could heavily impact revenue. Monitoring shifts in European Union regulations, which aim to reduce carbon emissions, will also be pivotal, as these could reshape the financial framework for manufacturers of basic metals in the region.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Basic Metals Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 17.75 | 2023 | -0.038% | -0.91% | View data |
| 2 | 2 Germany | 17.1 | 2023 | +2.58% | +6.67% | View data |
| 3 | 3 Poland | 10.48 | 2023 | +4.88% | +11.53% | View data |
| 4 | 4 France | 10.27 | 2023 | +0.49% | -1.68% | View data |
| 5 | 5 Romania | 8.68 | 2023 | +3.91% | +8.61% | View data |
| 6 | 6 Spain | 6.88 | 2023 | +0.065% | -3.62% | View data |
| 7 | 7 Austria | 6.16 | 2023 | +3.3% | +6.22% | View data |
| 8 | 8 Belgium | 5.46 | 2023 | +2.81% | +2.31% | View data |
| 9 | 9 Greece | 4.15 | 2023 | +1.52% | +1.44% | View data |
| 10 | 10 Sweden | 3.91 | 2023 | +4.3% | +7.06% | View data |
