In 2023, the Netherlands led with the highest environmentally related tax revenue in financial services pollution at $19.96 million, representing a significant growth of 10.99% from the previous year. The United Kingdom, although holding the second-highest revenue at $5.66 million, experienced a decrease of 2.59%. Most countries, including Belgium, Poland, and Denmark, saw declining revenues, with Denmark facing a drastic 29.23% drop. In contrast, Portugal showed a promising growth of 8.74%, and Austria a modest increase of 3.7%.
Future trends to watch include potential increases in tax rates to promote sustainability and further reductions in pollution-related activities, impacting growth positively in countries with declining revenues. Enhanced environmental regulations in the European financial sector could also drive changes in tax revenue distributions.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Activities Auxiliary to Financial Services and Insurance Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 19.96 | 2023 | +6.47% | +10.99% | View data |
| 2 | 2 United Kingdom | 5.66 | 2023 | -1.95% | -2.59% | View data |
| 3 | 3 Ireland | 0.73 | 2023 | +5.76% | +3.49% | View data |
| 4 | 4 Belgium | 0.46 | 2023 | -6.66% | -5.26% | View data |
| 5 | 5 Poland | 0.43 | 2023 | -4.2% | -2.74% | View data |
| 6 | 6 Austria | 0.16 | 2023 | +4.45% | +3.7% | View data |
| 7 | 7 Sweden | 0.053 | 2023 | +7.47% | View data | |
| 8 | 8 Serbia | 0.026 | 2023 | +2.8% | +1.67% | View data |
| 9 | 9 Lithuania | 0.019 | 2023 | -0.86% | -1.01% | View data |
| 10 | 10 Portugal | 0.017 | 2023 | +9.27% | +8.74% | View data |
