In 2023, Romania led in environmental tax revenue from the manufacturing of coke and refined petroleum products in Europe, with $19.04 million, followed by the UK at $17.59 million and Poland at $14.97 million. Poland and France notably experienced substantial year-on-year growth rates of 18.47% and 14.41%, respectively. However, countries like Bulgaria, Denmark, and Switzerland saw declines, with Latvia showing the steepest fall at -3.41%. Over the past five years, Sweden demonstrated the most remarkable growth trend, reflected by its high year-on-year increase of 21.37% in 2023.
Looking into the future, European countries might continue focusing on sustainable tax policies, driven by increasing regulatory pressure and a shift towards greener manufacturing processes. Markets may see fluctuations as nations respond differently to environmental initiatives and economic conditions. Key countries like Poland, France, and Sweden, currently on an upward trajectory, will be critical to observe for sustained growth or potential shifts in policy impacting environmental tax revenues.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Coke and Refined Petroleum Products Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 19.04 | 2023 | +2.31% | +2.82% | View data |
| 2 | 2 United Kingdom | 17.59 | 2023 | +1.98% | +0.87% | View data |
| 3 | 3 Poland | 14.97 | 2023 | +4.87% | +18.47% | View data |
| 4 | 4 Finland | 8.21 | 2023 | +2.43% | +1.36% | View data |
| 5 | 5 Italy | 7.99 | 2023 | +4.65% | +2.15% | View data |
| 6 | 6 Germany | 7.69 | 2023 | +0.29% | +2.11% | View data |
| 7 | 7 France | 5.66 | 2023 | +3.88% | +14.41% | View data |
| 8 | 8 Spain | 4.97 | 2023 | +5.64% | -2.16% | View data |
| 9 | 9 Belgium | 3.76 | 2023 | +3.72% | +4.33% | View data |
| 10 | 10 Hungary | 3.24 | 2023 | +3.1% | +7.57% | View data |
