The 2023 data shows the United Kingdom leading the environmentally related tax revenue in auxiliary financial services and insurance activities, significantly outpacing France and Italy. Notably, Ireland recorded a substantial year-on-year growth of over 30%. In contrast, Eastern European countries like Romania, Bulgaria, and Slovenia experienced notable declines, reflecting varied regional dynamics across Europe.
Future trends to watch include:
- The United Kingdom potentially expanding its lead as it continues to prioritize green finance.
- France and Italy strengthening revenue through progressive environmental tax reforms.
- Eastern European countries, particularly Bulgaria and Romania, seeking policy reforms to stimulate environmentally related economic activities.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Activities Auxiliary to Financial Services and Insurance Activities by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 251.89 | 2023 | +1.18% | +0.47% | View data |
| 2 | 2 France | 173.15 | 2023 | +12.12% | +5.64% | View data |
| 3 | 3 Italy | 154.28 | 2023 | +1.34% | +2.63% | View data |
| 4 | 4 Ireland | 106.01 | 2023 | +16.49% | +30.09% | View data |
| 5 | 5 Netherlands | 72.76 | 2023 | +2.07% | +3.06% | View data |
| 6 | 6 Norway | 35.06 | 2023 | +6.36% | +4.12% | View data |
| 7 | 7 Finland | 12.23 | 2023 | +2.73% | +1.64% | View data |
| 8 | 8 Poland | 9.07 | 2023 | -1.44% | -1.89% | View data |
| 9 | 9 Greece | 8.19 | 2023 | -0.7% | -1.59% | View data |
| 10 | 10 Portugal | 6.93 | 2023 | +2.93% | +0.078% | View data |
