In 2024, Italy leads the European countries in environmentally related tax revenue from energy taxes designated for education, with 43.93 million USD PPP. The United Kingdom follows at 34.39 million, while smaller economies like Finland, Slovakia, and Greece contribute significantly less. In contrast, Ireland and Iceland contribute less than a million USD PPP, indicative of either differing tax structures or revenue allocations.
Year-on-year trends from 2023 show a varied landscape across Europe. Notably, Slovenia showed the highest growth at 8.47%, while significant declines were observed in Bulgaria at -38.87% and Latvia at -19.27%. Italy and Greece also experienced growth, albeit modest in comparison, while Hungary, Ireland, and Cyprus saw declines in their revenues.
Looking forward, European countries may continue to adjust their fiscal policies to address climate goals, potentially impacting the uplift in education funding from energy taxes. With a focus on sustainable development, an evolution in taxation policies could reflect future environmental strategies and priorities at both national and regional levels.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Education Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 43.93 | 2023 | +0.94% | +1.43% | View data |
| 2 | 2 United Kingdom | 34.39 | 2023 | +0.062% | +0.29% | View data |
| 3 | 3 Greece | 3.61 | 2023 | +2.1% | +3.32% | View data |
| 4 | 4 Slovakia | 3.34 | 2023 | +3.42% | +6.43% | View data |
| 5 | 5 Finland | 3.1 | 2023 | +0.84% | -0.19% | View data |
| 6 | 6 Romania | 2.71 | 2023 | +0.64% | -1.21% | View data |
| 7 | 7 Sweden | 2 | 2023 | +0.36% | +0.26% | View data |
| 8 | 8 Portugal | 1.7 | 2023 | +1.77% | +0.82% | View data |
| 9 | 9 Austria | 1.65 | 2023 | +0.78% | -0.11% | View data |
| 10 | 10 Croatia | 1.07 | 2023 | -4.18% | -3.7% | View data |
