The analysis of the Environmental Tax Revenue in 2024 shows that France leads considerably in this sector, reflecting a pronounced increase compared to 2023. France recorded a notable 34.6% growth, the highest among the countries analyzed. Contrarily, the United Kingdom and Iceland experienced slight declines, while Italy and Austria underwent more significant reductions. Conversely, Denmark and Serbia exhibited positive growth, with Serbia closely trailing France's increase. Poland demonstrated marginal growth, and Romania's tax revenue saw a small uplift. Meanwhile, Latvia's change was nearly neutral, highlighting stability over recent years.
Looking ahead, there is potential for increased environmentally focused legislation which might drive up taxation in countries historically with lower revenues. The shift towards sustainable travel and tourism, alongside stricter pollution regulations, might lead to increased tax revenues across Europe. Significant growth is anticipated in nations like Serbia and Denmark, which show current upward trends, as they potentially align more with EU environmental standards.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Travel Agency, Tour Operator Reservation Service and Related Activities Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 73.25 | 2023 | +27.6% | +34.6% | View data |
| 2 | 2 United Kingdom | 11.85 | 2023 | -0.77% | -2.08% | View data |
| 3 | 3 Poland | 9.23 | 2023 | -0.79% | +0.21% | View data |
| 4 | 4 Serbia | 2.42 | 2023 | +5.89% | +28.4% | View data |
| 5 | 5 Italy | 1.9 | 2023 | -1.4% | -5.61% | View data |
| 6 | 6 Denmark | 0.52 | 2023 | -1.8% | +8.19% | View data |
| 7 | 7 Iceland | 0.39 | 2023 | +4.17% | -2.08% | View data |
| 8 | 8 Austria | 0.29 | 2023 | +2.97% | -6.8% | View data |
| 9 | 9 Romania | 0.11 | 2023 | +3.67% | +2.8% | View data |
| 10 | 10 Latvia | 0.032 | 2023 | +33.45% | -0.24% | View data |
