In 2023, the European environmentally related tax revenue from all environmental taxes in the insurance, reinsurance, and pension funding sectors showed significant variation by country. Poland led with $480.71 million, despite a slight decrease of 0.58%, whereas France increased by 3.76% to $311.33 million. The United Kingdom followed closely, showcasing a 1.23% increase. Notably, countries such as Norway and Slovakia experienced double-digit declines, reflecting a broader regional variation. Over five years, Portugal and Ireland stand out for robust growth, while Belgium faced notable contraction in its tax revenue stream.
Future trends to observe include the potential impacts of European Union initiatives on green finance and ESG (Environmental, Social, Governance) compliance, which could drive changes in taxation structures. Additionally, the increasing use of technology in financial services may influence the tax landscape through digital transformations within insurance and pension sectors.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Insurance, Reinsurance and Pension Funding, Except Compulsory Social Security by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 480.71 | 2023 | -0.73% | -0.58% | View data |
| 2 | 2 France | 311.33 | 2023 | +6.38% | +3.76% | View data |
| 3 | 3 United Kingdom | 284.44 | 2023 | +0.92% | +1.23% | View data |
| 4 | 4 Netherlands | 82.36 | 2023 | +0.39% | +1.35% | View data |
| 5 | 5 Germany | 77.8 | 2023 | -0.16% | +0.2% | View data |
| 6 | 6 Czech Republic | 21.06 | 2023 | -0.024% | +0.38% | View data |
| 7 | 7 Italy | 16.52 | 2023 | +1.15% | +0.87% | View data |
| 8 | 8 Switzerland | 16.48 | 2023 | -1.14% | -2.53% | View data |
| 9 | 9 Sweden | 11.27 | 2023 | -3.11% | -3.03% | View data |
| 10 | 10 Austria | 10.47 | 2023 | +2.29% | +2.14% | View data |
