In 2023, the United Kingdom led in environmentally related tax revenue from taxes on construction pollution in Europe, although revenue slightly declined by 0.22%. Switzerland and France showed robust growth with increases of 2.95% and 6.37%, respectively. Poland and Italy experienced declines, with Poland decreasing by 3% and Italy by 1.67%. The Czech Republic saw the highest year-on-year growth at 23.96%, indicating a shift towards more stringent environmental taxes. Conversely, significant declines were recorded in Hungary, Ireland, and Estonia, with decreases of 17.24%, 9.17%, and 10.03%. Over the past five years, a varied CAGR reflects the different national approaches to environmental taxation.
Future trends suggest a potential increase in environmentally related tax revenues across Europe driven by evolving regulations aimed at achieving sustainability. Countries may implement more targeted policies combating construction-related pollution, fostering competitiveness in eco-friendly practices. The transition towards green construction and stricter EU directives will likely influence these revenues, promoting innovation in sustainable construction techniques. Monitoring policy adjustments and economic factors influencing construction will be crucial in understanding future trends in this sector.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Construction by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 58.43 | 2023 | +1.09% | -0.22% | View data |
| 2 | 2 Switzerland | 52.88 | 2023 | +3.42% | +2.95% | View data |
| 3 | 3 Poland | 36.98 | 2023 | -4.56% | -3% | View data |
| 4 | 4 France | 33.8 | 2023 | +5.93% | +6.37% | View data |
| 5 | 5 Italy | 22.46 | 2023 | -0.82% | -1.67% | View data |
| 6 | 6 Netherlands | 16.87 | 2023 | +0.018% | +1.84% | View data |
| 7 | 7 Sweden | 5.5 | 2023 | +6.58% | +4.57% | View data |
| 8 | 8 Belgium | 4.02 | 2023 | -0.23% | -0.15% | View data |
| 9 | 9 Serbia | 3.43 | 2023 | +4.08% | +3.76% | View data |
| 10 | 10 Denmark | 1.9 | 2023 | +0.28% | -8.23% | View data |
