In 2023, global tax expenditure on coal as a percentage of GDP was notably higher in Poland and Ukraine, with values of 0.15% and 0.12% respectively. Portugal and Slovakia also reported relatively higher expenditures, whereas countries like Canada and South Korea had minimal allocations at 0.001% of GDP. Austria, Brazil, and Lithuania showed declining trends with consistent negative year-on-year variations.
Key variations for 2023 included a significant increase in the Netherlands by 13.81% and a decrease in Hungary by 16.74%. Switzerland saw a notable rise, reflecting a 14.87% increase from the previous year.
Future trends to watch include the potential shifts in energy policy, where countries may realign budgets to prioritize renewables over coal, impacting global tax expenditures. The ongoing transition towards sustainable energy sources may lead to reduced coal dependency, influencing fiscal allocations worldwide.
Top countries in Tax Expenditure on Coal for All Beneficiaries or Sectors by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 0.15 | 2023 | +16.54% | -7.87% | View data |
| 2 | 2 Ukraine | 0.12 | 2023 | +25% | +7.14% | View data |
| 3 | 3 Portugal | 0.12 | 2023 | +8.41% | +10.95% | View data |
| 4 | 4 Slovakia | 0.087 | 2023 | +3.57% | +1.19% | View data |
| 5 | 5 Greece | 0.076 | 2023 | -2.56% | -4.36% | View data |
| 6 | 6 Netherlands | 0.021 | 2023 | +10.53% | +13.81% | View data |
| 7 | 7 Slovenia | 0.019 | 2023 | -9.52% | -9.33% | View data |
| 8 | 8 France | 0.014 | 2023 | +7.69% | +4.94% | View data |
| 9 | 9 Czech Republic | 0.012 | 2023 | -7.69% | -5.59% | View data |
| 10 | 10 Switzerland | 0.006 | 2023 | 0% | +14.87% | View data |
