In 2023, Italy led the European collection of environmentally related tax revenues from manufacturing basic metals, followed by Germany and Spain. Despite a slight revenue decline in Italy, Germany saw an increase, indicating a shift in revenue dynamics. Countries like Slovakia and Iceland reported significant growth, showcasing emerging contributor patterns. In contrast, Denmark experienced a notable decrease. Spain, the United Kingdom, and smaller contributors like Lithuania also witnessed revenue declines, highlighting challenges in tax revenue sustainability. The compound annual growth rate over five years showed variable trends across countries, emphasizing disparities in environmental taxation impacts.
Looking ahead, the focus will be on policy consistency, industry adaptation to greener processes, and improved tax strategies. Countries with significant growth rates, such as Slovakia and Iceland, may continue to capitalize on intentional tax policies and industrial shifts toward sustainability. Monitoring Germany's stable ascent alongside emerging players could provide insights into scalable practices suitable for broader regional application.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Basic Metals Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36.02 | 2023 | -0.01% | -0.92% | View data |
| 2 | 2 Germany | 34.86 | 2023 | +2.48% | +6.39% | View data |
| 3 | 3 Spain | 14.06 | 2023 | +0.088% | -3.53% | View data |
| 4 | 4 United Kingdom | 6.77 | 2023 | -3.56% | -3.42% | View data |
| 5 | 5 Slovakia | 5.01 | 2023 | +4.51% | +11.39% | View data |
| 6 | 6 Slovenia | 2.05 | 2023 | +8.92% | +4.06% | View data |
| 7 | 7 Bulgaria | 0.61 | 2023 | -2.32% | +2.14% | View data |
| 8 | 8 Denmark | 0.61 | 2023 | +0.1% | -11.16% | View data |
| 9 | 9 Ireland | 0.55 | 2023 | +4.71% | +1.07% | View data |
| 10 | 10 Iceland | 0.41 | 2023 | +1.32% | +108.38% | View data |
