The data reveals that in 2023, the Netherlands led European Environmentally Related Tax Revenue from Taxes on Pollution in the financial and insurance sectors with approximately $49.6 million USD PPP from 2015. France followed with a significant increase, while Poland and Belgium experienced a decline. Sweden, Bulgaria, and Latvia demonstrated notable year-on-year growth exceeding 17%. Although Italy, Serbia, and Ireland had mild positive growth, several smaller economies like Denmark and Romania saw decreases in tax revenue. The overall trend from 2018 to 2023 shows a varied landscape, with certain countries making marked progress and others experiencing stagnation or decrease.
Looking forward, Europe's focus on sustainability and green transitions may drive increased revenues from pollution taxes as countries sharpen regulations. Monitoring how policymakers address environmental challenges and the impact on industries, particularly financial and insurance sectors, will be essential for forecasting future tax revenue trends. Harmonization of tax policies across the EU could also play a crucial role, impacting competitive balances and influencing strategies for pollution control in financial services.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Financial and Insurance Activities Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 49.6 | 2023 | +1.7% | +0.65% | View data |
| 2 | 2 France | 22.33 | 2023 | +28.68% | +38.49% | View data |
| 3 | 3 Poland | 13 | 2023 | -4.8% | -3.17% | View data |
| 4 | 4 Italy | 8.05 | 2023 | +1.02% | +0.35% | View data |
| 5 | 5 Serbia | 2.28 | 2023 | +2.5% | +2.45% | View data |
| 6 | 6 Ireland | 1.9 | 2023 | +8.62% | +1.25% | View data |
| 7 | 7 Belgium | 1.5 | 2023 | -4.75% | -3.72% | View data |
| 8 | 8 Hungary | 0.83 | 2023 | +4.75% | -2.11% | View data |
| 9 | 9 Denmark | 0.13 | 2023 | -25.11% | -14.7% | View data |
| 10 | 10 Portugal | 0.1 | 2023 | +0.99% | +2.93% | View data |
