The analysis of environmentally related tax revenue from taxes on energy in mining and quarrying across European countries for 2023 highlights Norway as the top contributor, significantly ahead of its peers. Norway's revenues are attributed to a 3.1% year-on-year growth. Noteworthy increases were observed in the Czech Republic with a dramatic rise of 21.82% and Slovakia at 12.17%. Conversely, Poland and Bulgaria experienced notable declines of -7.31% and -8.35% respectively. The compound annual growth rate (CAGR) over the last five years indicates significant variability among countries, with Eastern European nations generally expanding faster.
Future trends to monitor include:
- Potential regulatory changes impacting revenues in the energy sectors due to green policies gaining momentum.
- Technological advancements and shifts towards renewable energy, possibly reducing reliance on traditional mining and quarrying operations.
- Economic growth forecasts for emerging economies, which could spur increases in environmentally related tax revenues.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Mining and Quarrying Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 36.39 | 2023 | +1.78% | +3.1% | View data |
| 2 | 2 Romania | 8.3 | 2023 | +0.76% | +4.18% | View data |
| 3 | 3 Sweden | 6.47 | 2023 | +4.69% | +6.04% | View data |
| 4 | 4 Poland | 6.05 | 2023 | -3.9% | -7.31% | View data |
| 5 | 5 France | 5.69 | 2023 | +4.99% | -0.52% | View data |
| 6 | 6 Czech Republic | 5.43 | 2023 | +3.68% | +21.82% | View data |
| 7 | 7 Germany | 5.34 | 2023 | -4.35% | -2.79% | View data |
| 8 | 8 Spain | 4.25 | 2023 | +2.55% | +3.28% | View data |
| 9 | 9 Austria | 3.56 | 2023 | +1.69% | +0.73% | View data |
| 10 | 10 Finland | 2.81 | 2023 | +2.85% | +1.9% | View data |
