In 2023, the United States led global environmentally-related energy tax revenues, maintaining a favorable 0.62% increase. Notable growth in tax revenue was observed in the Philippines (18.19%), Kenya (10.28%), and Kazakhstan (11.71%), driven by policy shifts towards sustainable energy. European countries like Germany and Italy experienced slight declines, reflecting stable or reduced tax rates. Japan faced a significant 2.15% drop, indicating potential policy adjustments.
Future trends could be impacted by increasing environmental regulations and economic growth in emerging markets. Countries focusing on green technology investments and carbon reduction policies may see revenue growth. Monitoring global shifts in energy policies and economic activity will be crucial in evaluating revenue trends.
Top countries in Environmentally-Related Energy Tax Revenue Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 22.32 | 2023 | +1.38% | +0.62% | View data |
| 2 | 2 Germany | 13.43 | 2023 | +0.48% | -0.64% | View data |
| 3 | 3 Italy | 12.59 | 2023 | +2.8% | -0.97% | View data |
| 4 | 4 France | 11.54 | 2023 | +1.19% | -0.39% | View data |
| 5 | 5 Japan | 9 | 2023 | -1.2% | -2.15% | View data |
| 6 | 6 Netherlands | 4.38 | 2023 | +1.96% | +1.55% | View data |
| 7 | 7 Canada | 3.56 | 2023 | +4.49% | -0.64% | View data |
| 8 | 8 South Africa | 2.33 | 2023 | +5.09% | +1.03% | View data |
| 9 | 9 Switzerland | 1.88 | 2023 | +2.06% | +1.78% | View data |
| 10 | 10 Belgium | 1.8 | 2023 | +4.41% | -1.09% | View data |
