In 2023, Italy led European countries with $1.72 million in environmentally related tax revenue from pollution taxes in the repair and installation of machinery and equipment. The United Kingdom followed with $0.94 million, while Slovakia and Romania exhibited significantly lower figures. While Malta (6.43%), Czech Republic (71.48%), Latvia (13.59%), and Romania (4.61%) experienced year-on-year increases in 2023, countries like Slovakia (-30.28%), United Kingdom (-11.51%), and Italy (-2.52%) saw decreases. Over the past five years, tax revenues fluctuated, reflecting varying policy focuses and economic activities across nations.
Future trends to watch include potential policy shifts towards stricter environmental regulations, which could increase tax revenues. Advances in eco-friendly technologies might influence tax structures, promoting sustainable practices in machinery and equipment industries. Additionally, economic variations could affect future trends as countries navigate the balance between environmental priorities and industrial growth.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Repair and Installation of Machinery and Equipment by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1.72 | 2023 | -0.71% | -2.52% | View data |
| 2 | 2 United Kingdom | 0.94 | 2023 | -14.9% | -11.51% | View data |
| 3 | 3 Belgium | 0.31 | 2023 | -0.48% | -0.66% | View data |
| 4 | 4 Malta | 0.13 | 2023 | +4.16% | +6.43% | View data |
| 5 | 5 Austria | 0.071 | 2023 | +4.23% | +0.09% | View data |
| 6 | 6 Iceland | 0.062 | 2023 | +3.07% | -1.6% | View data |
| 7 | 7 Czech Republic | 0.041 | 2023 | +5.5% | +71.48% | View data |
| 8 | 8 Latvia | 0.016 | 2023 | +3.83% | +13.59% | View data |
| 9 | 9 Estonia | 0.013 | 2023 | +2.26% | +1.96% | View data |
| 10 | 10 Slovakia | 0.004 | 2023 | -50.05% | -30.28% | View data |
