In 2023, the United Kingdom generated the highest environmentally related tax revenue from taxes on energy in wholesale trade, at $2.38 billion, followed by Italy and Germany. Notably, Denmark and Lithuania showed significant declines, with -11.07% and -14.03% year-on-year decreases, respectively. Conversely, Malta, Latvia, and Serbia witnessed increases above 2%. The compound annual growth rate over the past five years exhibits varied trends across Europe, with some countries like the UK and Germany seeing stabilization, while others like Finland and Lithuania experienced notable declines.
Looking ahead, several trends could impact these revenues: increased focus on renewable energy, legislative changes affecting energy use taxation, and economic shifts within global energy markets. Additionally, transitioning to greener practices in wholesale trade may alter tax revenue sources and amounts in some countries. Monitoring these dynamics will be critical for understanding future tax revenue trajectories.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Wholesale Trade (Except of Motor Vehicles and Motorcycles) by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,380 | 2023 | -0.062% | -0.8% | View data |
| 2 | 2 Italy | 1,340 | 2023 | -0.45% | -0.31% | View data |
| 3 | 3 Germany | 767.24 | 2023 | -8.37% | -7.31% | View data |
| 4 | 4 Spain | 604.66 | 2023 | +1.4% | +0.32% | View data |
| 5 | 5 Poland | 538.18 | 2023 | +0.55% | +0.21% | View data |
| 6 | 6 Netherlands | 497.24 | 2023 | +1.59% | -0.42% | View data |
| 7 | 7 Czech Republic | 260.85 | 2023 | -2.09% | -2.02% | View data |
| 8 | 8 Belgium | 212.6 | 2023 | +1% | -0.23% | View data |
| 9 | 9 Portugal | 198.81 | 2023 | -3.06% | -3.68% | View data |
| 10 | 10 Ireland | 149.3 | 2023 | +0.79% | -1.15% | View data |
