In 2023, Poland led in global tax expenditure on fossil fuels for general services, reaching $49.27 million, yet experiencing an 8.18% decline from the previous year. Greece ranked second with $34.51 million, slightly decreasing by 1.2%. Mexico saw an 8.72% rise to $8.8 million, reflecting a growth trend. Italy maintained stability with minimal change at $2.81 million. Germany decreased by 8.26% to $0.77 million, while the United States remained relatively stable at $0.17 million.
Future trends to watch:
- Potential for policy shifts reducing fossil fuel reliance significantly.
- Impact of global sustainability initiatives causing variations in country-specific expenditure.
- Technological advancements influencing tax structures and expenditures.
Top countries in Tax Expenditure on All Fossil Fuels for General Services Share by Country (Million US Dollars)
| # | 6 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 49.27 | 2023 | +16.33% | -8.18% | View data |
| 2 | 2 Greece | 34.51 | 2023 | +1.3% | -1.2% | View data |
| 3 | 3 Mexico | 8.8 | 2023 | +11.98% | +8.72% | View data |
| 4 | 4 Italy | 2.81 | 2023 | -2.26% | +0.043% | View data |
| 5 | 5 Germany | 0.77 | 2023 | -3.36% | -8.26% | View data |
| 6 | 6 United States | 0.17 | 2023 | +3.91% | +0.17% | View data |
