The latest data for 2023 indicates that the United Kingdom leads in environmentally related tax revenue from pollution in water supply, sewerage, waste management, and remediation activities in Europe, with a value of 38.92 million USD. Significant fluctuations are evident across countries: Hungary saw the highest annual growth with a 3.92% increase, while Denmark experienced a decline of 14.4%. Over the last 5 years, the revenue trends varied, reflecting different national policies and economic conditions impacting environmental taxation.
Looking ahead, several trends could shape the future of this tax revenue in Europe:
- Increased emphasis on sustainable practices might result in more countries adopting or raising these taxes.
- Technological advancements and efficiency improvements in water management might influence tax revenues, as reduced pollution could alter the tax base.
- EU environmental policies and regulations might drive harmonization efforts, potentially shifting the landscape of environmentally related tax revenue.
- Economic growth and recovery may affect tax collection as countries adjust fiscal policies to stimulate economic activity while maintaining environmental commitments.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Water Supply; Sewerage, Waste Management and Remediation Activities Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 38.92 | 2023 | -2.44% | -3.33% | View data |
| 2 | 2 France | 14.93 | 2023 | +6.43% | -0.29% | View data |
| 3 | 3 Switzerland | 14.63 | 2023 | +3.61% | +2.05% | View data |
| 4 | 4 Belgium | 11.36 | 2023 | +0.7% | -1.36% | View data |
| 5 | 5 Hungary | 8.83 | 2023 | +4.16% | +3.92% | View data |
| 6 | 6 Italy | 3.77 | 2023 | -4.71% | -8.42% | View data |
| 7 | 7 Austria | 3.29 | 2023 | +3.18% | +0.052% | View data |
| 8 | 8 Estonia | 1.1 | 2023 | -0.37% | -1.51% | View data |
| 9 | 9 Spain | 0.96 | 2023 | +2.29% | +3.7% | View data |
| 10 | 10 Poland | 0.81 | 2023 | -0.72% | -0.35% | View data |
