In 2023, Norway led the European rankings in environmentally related tax revenue from taxes on energy in mining and quarrying. Countries like Romania and Sweden also showed significant year-on-year growth, with increases of 4.18% and 6.04%, respectively. The Czech Republic had the highest growth rate at 21.82%, highlighting a marked increase in revenues. Conversely, countries like Poland and Portugal saw decreases of 7.31% and 3.58%, respectively, indicating challenges in maintaining revenue levels. Overall, there is a diverse trend across Europe, showcasing varying levels of policy implementation and market conditions influencing tax revenues.
Looking forward, future trends to monitor include the push for stricter environmental regulations, which could increase revenues in countries with aggressive green policies. However, fluctuations in global energy prices and shifts towards renewable energy could balance or decrease these revenues, especially in countries heavily focused on fossil-based mining activities. Monitoring the balance between policy shifts and market responses will be key to understanding the future landscape of environmentally related tax revenues.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Mining and Quarrying by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 734.34 | 2023 | +1.78% | +3.1% | View data |
| 2 | 2 Romania | 167.44 | 2023 | +0.76% | +4.18% | View data |
| 3 | 3 Sweden | 130.57 | 2023 | +4.69% | +6.04% | View data |
| 4 | 4 Poland | 122.12 | 2023 | -3.9% | -7.31% | View data |
| 5 | 5 France | 114.9 | 2023 | +4.99% | -0.52% | View data |
| 6 | 6 Czech Republic | 109.51 | 2023 | +3.68% | +21.82% | View data |
| 7 | 7 Germany | 107.8 | 2023 | -4.35% | -2.79% | View data |
| 8 | 8 Spain | 85.72 | 2023 | +2.55% | +3.28% | View data |
| 9 | 9 Austria | 71.82 | 2023 | +1.69% | +0.73% | View data |
| 10 | 10 Finland | 56.68 | 2023 | +2.85% | +1.9% | View data |
