In 2023, Italy led Europe with environmentally related tax revenue from taxes on energy in professional, scientific, and technical activities at 1.12 billion US dollars PPP, showing a 1.79% year-on-year growth. Slovenia experienced the largest growth rate at 10.49%, while Iceland saw a 6.4% decrease. Notably, Slovakia and Romania also posted significant growth, at 28.88% and 6.4%, respectively, marking them as emerging markets in this sector. In contrast, countries like Hungary and Croatia witnessed declines, at -2.62% and -3.87%, respectively. The European CAGR over five years indicates a mixed trend, with certain countries expanding rapidly and others lagging.
Future trends suggest a general shift towards green taxation reforms, with countries like Slovakia and Slovenia potentially strengthening their positions. As the EU pushes for stronger green policies and technologies, we might observe more investments directed towards sustainable energy and a gradual rise in energy-related tax revenues. Monitoring policy changes and technological advancements will be crucial in predicting long-term trends in this sector.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Professional, Scientific and Technical Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,120 | 2023 | +1.5% | +1.79% | View data |
| 2 | 2 Netherlands | 305.53 | 2023 | +0.6% | +0.7% | View data |
| 3 | 3 Sweden | 132.31 | 2023 | -0.055% | -0.12% | View data |
| 4 | 4 Poland | 129.82 | 2023 | -0.11% | -2.05% | View data |
| 5 | 5 Slovakia | 103.11 | 2023 | +4.88% | +28.88% | View data |
| 6 | 6 Czech Republic | 64.37 | 2023 | -2.16% | -2.77% | View data |
| 7 | 7 Portugal | 56.68 | 2023 | +2.16% | -0.16% | View data |
| 8 | 8 Romania | 32.65 | 2023 | +2.78% | +6.4% | View data |
| 9 | 9 Norway | 26.6 | 2023 | +1.38% | -1.48% | View data |
| 10 | 10 Hungary | 16.07 | 2023 | -5.36% | -2.62% | View data |
