The 2023 data shows Serbia leading with the highest environmentally related tax revenue from pollution in mining and quarrying at $62.16 million, marking a 3.86% increase. Conversely, Poland and the United Kingdom saw declines of 3.16% and 1.35%, respectively. Sweden and Denmark experienced significant increases, with Sweden up 20.25% and Denmark up 7.17%. Countries like Portugal, Latvia, and Iceland also noted positive variations, suggesting efforts to enhance their environmental tax frameworks. On the other hand, Hungary faced a substantial decline of 11.52%, indicating a retreat in these specific tax collections.
Looking forward, Europe may witness a shift as countries increasingly adopt green policies in the mining and quarrying sectors. The focus on carbon reduction and sustainable practices could potentially elevate tax revenues, particularly in nations currently reporting lower figures. Monitoring these trends will provide insights into the effectiveness of environmental policies and fiscal instruments in promoting sustainable practices.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Mining and Quarrying Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Serbia | 62.16 | 2023 | +3.45% | +3.86% | View data |
| 2 | 2 Poland | 14.94 | 2023 | -4.06% | -3.16% | View data |
| 3 | 3 United Kingdom | 9.83 | 2023 | +0.6% | -1.35% | View data |
| 4 | 4 Spain | 2.21 | 2023 | +9.57% | +1.1% | View data |
| 5 | 5 Czech Republic | 1.91 | 2023 | -0.78% | +1.04% | View data |
| 6 | 6 Slovakia | 1.65 | 2023 | -1.16% | -0.9% | View data |
| 7 | 7 Sweden | 0.67 | 2023 | +1.73% | +20.25% | View data |
| 8 | 8 Denmark | 0.6 | 2023 | -5.17% | +7.17% | View data |
| 9 | 9 Latvia | 0.38 | 2023 | +12.11% | +6.07% | View data |
| 10 | 10 Hungary | 0.29 | 2023 | +2.79% | -11.52% | View data |
