In 2023, the Netherlands led European Environmental Tax Revenue in the financial and insurance sectors with $55.07 million, marking a modest 0.25% increase from the previous year. France followed at $23.17 million with a significant 36.69% uplift. Italy and Poland experienced downturns of 0.85% and 3.84% respectively. Ireland and Portugal saw moderate growth, whereas Austria and Denmark faced notable declines. Latvia and Bulgaria showed strong improvements, increasing 42.48% and 17.63%. Other countries had varied performances with fluctuations affecting their environmental tax revenue standings.
Future trends may see increased policy emphasis on environmental taxation to incentivize sustainable practices, especially amidst growing EU green initiatives. Watch for regulatory changes that could alter tax mechanisms, potentially leading to higher tax revenues or shifts in country-by-country standings.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Financial and Insurance Activities Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 55.07 | 2023 | +1.66% | +0.25% | View data |
| 2 | 2 France | 23.17 | 2023 | +27.12% | +36.69% | View data |
| 3 | 3 Italy | 7.74 | 2023 | +0.51% | -0.85% | View data |
| 4 | 4 Poland | 7.21 | 2023 | -4.96% | -3.84% | View data |
| 5 | 5 Ireland | 2.08 | 2023 | +8.52% | +0.94% | View data |
| 6 | 6 Belgium | 1.59 | 2023 | -5.61% | -5.03% | View data |
| 7 | 7 Serbia | 1.09 | 2023 | +2.35% | +1.73% | View data |
| 8 | 8 Austria | 0.94 | 2023 | -8.17% | -9.3% | View data |
| 9 | 9 Hungary | 0.51 | 2023 | +4.89% | -2.4% | View data |
| 10 | 10 Denmark | 0.23 | 2023 | -14.17% | -9.37% | View data |
