In 2023, Norway led the European countries in environmentally related tax revenue from taxes on energy in the mining and quarrying sector with a significant margin. Italy and the United Kingdom followed, although the latter saw a noticeable year-on-year decrease of 1.45%. Sweden and Romania demonstrated notable increases, with Sweden exhibiting a 4.86% rise. Conversely, France and Poland experienced declines, with -2.04% and -7.83%, respectively. The Czech Republic had the highest growth rate at 21.71%, while Cyprus and Greece faced slight reductions. Growth was relatively modest in Finland and Switzerland, while minor gains were seen in countries like Belgium and Hungary.
Looking into the future, the trends to watch include how countries balance increased taxation with environmental policies and economic conditions. Additionally, the substantial growth in countries like the Czech Republic could signal shifts in tax policy or energy consumption patterns. The European Green Deal and related regulations might drive an overall upward trend in environmentally related tax revenues as countries strive to meet carbon reduction targets.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Mining and Quarrying Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 38 | 2023 | +0.56% | +0.56% | View data |
| 2 | 2 Italy | 19.45 | 2023 | +1.79% | +0.054% | View data |
| 3 | 3 United Kingdom | 11.32 | 2023 | -0.72% | -1.45% | View data |
| 4 | 4 Sweden | 5.87 | 2023 | +4.44% | +4.86% | View data |
| 5 | 5 France | 4.56 | 2023 | +1.57% | -2.04% | View data |
| 6 | 6 Romania | 3.6 | 2023 | +1.48% | +4.56% | View data |
| 7 | 7 Czech Republic | 3 | 2023 | +3.95% | +21.71% | View data |
| 8 | 8 Finland | 2.64 | 2023 | +2.67% | +1.06% | View data |
| 9 | 9 Poland | 2.64 | 2023 | -3.94% | -7.83% | View data |
| 10 | 10 Ireland | 2.16 | 2023 | +1.92% | +0.48% | View data |
