In 2023, Romania leads in environmentally related tax revenue from energy taxes in coke and refined petroleum manufacturing at $1.37 billion, followed by the UK at $1.27 billion, while Cyprus and Malta generate minimal revenue. Key countries like Italy, Germany, and Belgium have shown moderate growth, with notable increases from France and Slovakia. Conversely, revenues in Greece, Serbia, and Bulgaria have declined. Over the last five years, the average annual growth rates reflect energy transitions and policy shifts, varying significantly across Europe.
Future trends to monitor include:
- Potential shifts in taxation policies across Europe, aiming to increase sustainability in manufacturing sectors.
- The influence of EU regulations and green initiatives on tax revenues.
- Impact of energy transition technologies and initiatives on traditional energy sectors like coke and refined petroleum.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Coke and Refined Petroleum Products by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 1,370 | 2023 | +2.32% | +2.82% | View data |
| 2 | 2 United Kingdom | 1,270 | 2023 | +2% | +0.89% | View data |
| 3 | 3 Italy | 573.68 | 2023 | +4.74% | +2.23% | View data |
| 4 | 4 Germany | 548.82 | 2023 | +0.36% | +2.25% | View data |
| 5 | 5 France | 363.21 | 2023 | +5.44% | +18.84% | View data |
| 6 | 6 Belgium | 265.87 | 2023 | +3.95% | +4.54% | View data |
| 7 | 7 Hungary | 233.32 | 2023 | +3.11% | +7.6% | View data |
| 8 | 8 Netherlands | 166.47 | 2023 | +8.24% | +9.88% | View data |
| 9 | 9 Greece | 90.14 | 2023 | -3.54% | -6.56% | View data |
| 10 | 10 Serbia | 52.39 | 2023 | +3.99% | -0.6% | View data |
