In 2023, France led Europe in environmentally related tax revenue for sectors including manufacturing of furniture and jewellery, registering a significant 7.1% growth. Italy and the Netherlands experienced minor declines, while the UK saw a pronounced drop of 7.77%. Sweden and Spain enjoyed moderate growth, whereas the Czech Republic reported an impressive 32.67% increase. Ireland, Austria, and Lithuania faced the most substantial declines over this period.
Future trends to watch for include:
- Increased regulation and policy enforcement might spur further tax revenue growth in countries with low current values, such as Ireland and Iceland.
- Innovation in pollution-reducing technologies could lead to decreased revenues as industries adapt and reduce their tax liabilities.
- Continued focus on sustainable practices could reshape revenue streams, with countries possibly adjusting tax frameworks to maintain or grow revenues strategically.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Manufacturing of Furniture; Jewellery, Musical Instruments, Toys; Repair and Installation of Machinery and Equipment by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 7.74 | 2023 | +4.08% | +7.1% | View data |
| 2 | 2 Italy | 6.14 | 2023 | +0.31% | -0.81% | View data |
| 3 | 3 Netherlands | 5.82 | 2023 | +9.45% | -0.34% | View data |
| 4 | 4 United Kingdom | 3.68 | 2023 | -9.58% | -7.77% | View data |
| 5 | 5 Switzerland | 1.87 | 2023 | -1.78% | -0.21% | View data |
| 6 | 6 Sweden | 1.03 | 2023 | +6.73% | +4.09% | View data |
| 7 | 7 Spain | 0.76 | 2023 | +7.21% | +5.45% | View data |
| 8 | 8 Belgium | 0.71 | 2023 | +0.6% | +0.99% | View data |
| 9 | 9 Lithuania | 0.58 | 2023 | -0.35% | -3.49% | View data |
| 10 | 10 Malta | 0.4 | 2023 | +1.83% | +4.07% | View data |
