In 2023, Estonia led European countries in environmentally related tax revenue from pollution in the manufacturing of coke and refined petroleum products with a significant increase of 8.36% year-on-year. Conversely, Belgium experienced the sharpest decline at -53.14%, followed by Italy at -19.73%. Other countries, including Poland, Switzerland, Finland, and Austria, reported decreases. Notably, Sweden saw an upward trend of 15.42%. Over the last five years, the compound annual growth rate (CAGR) pointed to varied shifts in taxation focus across countries.
Future trends to watch include increased regulatory pressure on carbon emissions, leading to potential taxation adjustments, and the European Union's green transition initiatives, which may influence revenue trends in this sector. The anticipated technological advancements and shifts in manufacturing processes could further alter the taxation landscape.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Manufacturing of Coke and Refined Petroleum Products by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 25.96 | 2023 | +14.67% | +8.36% | View data |
| 2 | 2 Poland | 14.85 | 2023 | -3.36% | -2.1% | View data |
| 3 | 3 Spain | 12.11 | 2023 | +10.58% | +3.73% | View data |
| 4 | 4 Switzerland | 7.16 | 2023 | -1.84% | -0.76% | View data |
| 5 | 5 Finland | 4.75 | 2023 | -14.59% | -16.7% | View data |
| 6 | 6 Netherlands | 2.31 | 2023 | -4.85% | -0.48% | View data |
| 7 | 7 Hungary | 1.6 | 2023 | -1.85% | -0.6% | View data |
| 8 | 8 Italy | 1.28 | 2023 | -22.9% | -19.73% | View data |
| 9 | 9 Slovakia | 1.27 | 2023 | -3.4% | -3.03% | View data |
| 10 | 10 Czech Republic | 0.25 | 2023 | -2.58% | +1.39% | View data |
