In 2023, Italy led European countries with $257.78M in environmentally related tax revenue from taxes on energy in telecommunications, marking a 16.55% increase. Germany and Spain followed with revenues of $154.23M and $149.09M, respectively, though they experienced slight declines of -1.09% and -2.68%. Ireland and Slovakia exhibited strong growth, increasing 7.35% and 14.91%. Conversely, significant declines were observed in Hungary (-15.77%) and Croatia (-12.5%). The five-year CAGR showed stable economies like Norway and Switzerland with moderate growth, while countries like Hungary and Bulgaria faced sustained declines.
Future trends to watch include:
- Potential shifts in energy policies affecting tax structures.
- Technology advancements in telecommunications driving changes in energy consumption.
- Continued emphasis on sustainability possibly increasing tax incentives and restructuring.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Telecommunications by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 257.78 | 2023 | +4.31% | +16.55% | View data |
| 2 | 2 Germany | 154.23 | 2023 | -0.58% | -1.09% | View data |
| 3 | 3 Spain | 149.09 | 2023 | +0.46% | -2.68% | View data |
| 4 | 4 Ireland | 61.58 | 2023 | +5.77% | +7.35% | View data |
| 5 | 5 Belgium | 41.27 | 2023 | +1.93% | +1.01% | View data |
| 6 | 6 Netherlands | 28.4 | 2023 | +3.46% | +0.89% | View data |
| 7 | 7 Sweden | 25.21 | 2023 | +2.16% | +1.22% | View data |
| 8 | 8 Switzerland | 21.59 | 2023 | +3.84% | +2.45% | View data |
| 9 | 9 Finland | 19.86 | 2023 | +2.21% | +0.27% | View data |
| 10 | 10 Greece | 16.67 | 2023 | +0.22% | -0.45% | View data |
