In 2023, Belgium led with the highest environmentally related tax revenue from taxes on resources in electricity, gas, steam, and air conditioning supply, reported at 66.17 million USD. Meanwhile, Cyprus recorded the lowest at a mere 0.0034 million USD. Year-over-year, significant increases were observed in Croatia (11.06%) and Spain (8.53%), whereas notable declines were seen in Cyprus (-21.92%) and France (-5.04%). Over the five-year period, the compound annual growth rate varied widely, reflecting diverse economic and environmental policies across Europe.
Looking forward, emerging environmental regulations, energy diversification plans, and advances in green technology are expected to influence future tax revenues. Energy transition policies may drive increased revenues as countries aim to curb emissions and promote sustainable practices.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Electricity, Gas, Steam and Air Conditioning Supply by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 66.17 | 2023 | +3.46% | +2.06% | View data |
| 2 | 2 Spain | 20.27 | 2023 | +6.87% | +8.53% | View data |
| 3 | 3 Slovenia | 16.96 | 2023 | +0.16% | +0.31% | View data |
| 4 | 4 Bulgaria | 5.09 | 2023 | -0.32% | +3.32% | View data |
| 5 | 5 Estonia | 2.8 | 2023 | -1.55% | -4.83% | View data |
| 6 | 6 Serbia | 2.78 | 2023 | -3.39% | -2.43% | View data |
| 7 | 7 Latvia | 1.98 | 2023 | +6.13% | +5.22% | View data |
| 8 | 8 France | 1.73 | 2023 | -0.16% | -5.04% | View data |
| 9 | 9 Croatia | 1.04 | 2023 | +3.55% | +11.06% | View data |
| 10 | 10 Cyprus | 0.003 | 2023 | +5.13% | -21.92% | View data |
