In 2023, Germany led European countries in Environmental R&D expenditure at 1.23 billion Euros, with a year-on-year increase of 2.36%. Despite Italy’s high spending at 0.681 billion Euros, it experienced a slight decline of 0.46%. Finland saw a significant increase of 12.89% despite its lower budget. Conversely, Slovakia posted a large decrease of -15.14%, while Luxembourg showed no growth. The five-year trend indicates substantial investments in Environmental R&D across Europe, though growth rates vary significantly.
Future trends to watch include increased investments in green technologies and sustainable practices, driven by EU climate policies and initiatives urging higher Environmental R&D spending.
Top countries in NPISH and General Government Final Consumption Expenditure on Environmental R&D by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,230 | 2023 | +2.08% | +2.36% | View data |
| 2 | 2 Italy | 681 | 2023 | -0.44% | -0.46% | View data |
| 3 | 3 Norway | 110.8 | 2023 | +0.54% | +0.79% | View data |
| 4 | 4 Belgium | 92.3 | 2023 | +3.13% | +2.88% | View data |
| 5 | 5 Netherlands | 84.6 | 2023 | +0.24% | +0.5% | View data |
| 6 | 6 Portugal | 41.9 | 2023 | +0.48% | +2.57% | View data |
| 7 | 7 Ireland | 20.9 | 2023 | +2.45% | +3.97% | View data |
| 8 | 8 Sweden | 19.9 | 2023 | +2.58% | +9.75% | View data |
| 9 | 9 Slovenia | 13.2 | 2023 | +3.12% | +5.71% | View data |
| 10 | 10 Estonia | 5 | 2023 | 0% | +2.59% | View data |
