In 2023, Italy leads in environmentally related tax revenue from taxes on energy in the manufacturing of wood, paper, printing, and reproduction in Europe, with a slight decline of 0.48%. France and Spain follow, showing modest increases of 0.95% and 0.98%, respectively. Sweden, Poland, and Romania demonstrate strong growth, with Romania showing a significant 7.14%. Hungary's tax revenue grew by 10.53%, while the Czech Republic and Denmark faced notable declines. Other noteworthy increases include Serbia and Slovenia, illustrating dynamic environmental fiscal policies aimed at this sector.
Looking ahead, the emphasis on sustainability and Europe's green agenda might drive further increases in tax revenues. Countries with moderate to high growth rates might continue leveraging these fiscal tools to encourage energy-efficient manufacturing. Additionally, any shifts in EU environmental policies could impact future revenues, compelling nations to adapt their strategies accordingly.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Wood, Paper, Printing and Reproduction Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 22.99 | 2023 | +0.091% | -0.48% | View data |
| 2 | 2 France | 20.04 | 2023 | +3.5% | +0.95% | View data |
| 3 | 3 Spain | 15.44 | 2023 | +2.88% | +0.98% | View data |
| 4 | 4 Sweden | 9.72 | 2023 | +2.17% | +1.49% | View data |
| 5 | 5 Poland | 6.57 | 2023 | +2.26% | +1.06% | View data |
| 6 | 6 Finland | 5.87 | 2023 | +0.9% | -0.87% | View data |
| 7 | 7 Romania | 5.31 | 2023 | +4.62% | +7.14% | View data |
| 8 | 8 Portugal | 3.42 | 2023 | +5.47% | +3.3% | View data |
| 9 | 9 Switzerland | 2.52 | 2023 | +1.07% | -0.15% | View data |
| 10 | 10 Hungary | 1.6 | 2023 | +4.97% | +10.53% | View data |
