The 2023 data show that the United Kingdom leads with a significant environmental tax revenue of 51.56 million USD, despite a slight decline of 0.41%. Austria (7.7 million USD) and Germany (7.14 million USD) follow, with diverging trends: Austria seeing a modest 0.5% growth, while Germany experiences a 2.72% decrease. Notable trends include Poland's 5.98% rise and Latvia's remarkable 36.11% growth, signaling a significant increase in tax revenue. In contrast, countries like Finland, Norway, and Slovakia face substantial reductions in revenue, showcasing regional disparities.
Looking forward, key trends to watch include potential policy shifts in major economies, fluctuating transport sector dynamics, and evolving environmental regulations, which could significantly impact tax revenue streams. As environmental consciousness grows across Europe, more countries might increase related taxes to promote sustainable practices and reduce emissions, impacting both revenue and industry behavior.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Mining and Quarrying by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 51.56 | 2023 | -0.87% | -0.41% | View data |
| 2 | 2 Austria | 7.7 | 2023 | +0.75% | +0.5% | View data |
| 3 | 3 Germany | 7.14 | 2023 | -2.69% | -2.72% | View data |
| 4 | 4 Italy | 4.39 | 2023 | -2.05% | -3.05% | View data |
| 5 | 5 Poland | 4.28 | 2023 | +0.62% | +5.98% | View data |
| 6 | 6 Norway | 4.23 | 2023 | -0.26% | -3.9% | View data |
| 7 | 7 Finland | 3.71 | 2023 | -0.64% | -6.17% | View data |
| 8 | 8 Netherlands | 1.2 | 2023 | +0.024% | +0.33% | View data |
| 9 | 9 Czech Republic | 1.16 | 2023 | -1.83% | -3.47% | View data |
| 10 | 10 Switzerland | 0.99 | 2023 | +1.01% | -0.039% | View data |
