The 2023 data reflects varied contributions to environmentally related tax revenue from pollution in chemical manufacturing across Europe. Spain and Hungary showed significant revenues of approximately 29.88 and 22.29 million USD respectively. Spain saw a 3.7% increase, while Hungary experienced a minor 0.36% rise. The UK and Italy reported declines at -11.25% and -9.27% respectively. Denmark observed a small increase of 0.53%, while Austria saw the steepest decrease at -30.42%. Other countries like Portugal and Lithuania experienced mild changes, with Portugal slightly increasing by 3.61% and Lithuania declining by -7.37%.
Future trends to watch include increasing regulatory pressures and technological advances that could drive changes in tax revenues across countries. The progress in green chemistry and sustainable practices may reduce pollution, potentially lowering tax collections although new legislative measures across Europe could offset these trends. Economic recovery post-pandemic and energy crisis might also influence a shift in manufacturing practices significantly impacting tax revenue patterns. Moreover, the European Union's continuous push towards a greener economy may lead to stricter regulations influencing tax structures.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Manufacturing of Chemicals and Chemical Products by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 29.88 | 2023 | +10.53% | +3.7% | View data |
| 2 | 2 Hungary | 22.29 | 2023 | +5.09% | +0.36% | View data |
| 3 | 3 United Kingdom | 6.99 | 2023 | -13.55% | -11.25% | View data |
| 4 | 4 Denmark | 5.73 | 2023 | +0.067% | +0.53% | View data |
| 5 | 5 Italy | 2.86 | 2023 | -6.96% | -9.27% | View data |
| 6 | 6 Lithuania | 0.65 | 2023 | -1.28% | -7.37% | View data |
| 7 | 7 Iceland | 0.068 | 2023 | +1.28% | -7.87% | View data |
| 8 | 8 Portugal | 0.034 | 2023 | +1.03% | +3.61% | View data |
| 9 | 9 Austria | 0.015 | 2023 | -46.85% | -30.42% | View data |
| 10 | 10 Ireland | 0.014 | 2023 | +32.56% | -9.97% | View data |
