In 2023, European environmentally related tax revenues from taxes on pollution in the financial and insurance activities sector showed significant variability across countries. The Netherlands led with substantial revenue at $50.18 million, followed by France ($22.59 million) and Poland ($13.15 million). Of note, Latvia experienced the highest year-on-year increase of 45.07%, while Denmark saw a decline of 14.7%. Sweden and Bulgaria also showed significant growth, at 26.97% and 17.44% respectively. Conversely, Belgium and Romania witnessed declines, showing reductions of 3.72% and 8.12% respectively.
Looking forward, it is important to monitor the impact of environmental policies on tax revenues. Increasing EU regulations on carbon emissions may prompt higher tax rates, especially in countries with lower existing revenues like Denmark and Portugal. Additionally, growing public awareness and green investments in financial sectors may influence tax strategies. Tracking revenue trends will provide insights on the effectiveness of pollution-related taxation as a policy tool.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Financial and Insurance Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 50.18 | 2023 | +1.7% | +0.65% | View data |
| 2 | 2 France | 22.59 | 2023 | +28.68% | +38.49% | View data |
| 3 | 3 Poland | 13.15 | 2023 | -4.8% | -3.17% | View data |
| 4 | 4 Italy | 8.15 | 2023 | +1.02% | +0.35% | View data |
| 5 | 5 Serbia | 2.31 | 2023 | +2.5% | +2.45% | View data |
| 6 | 6 Ireland | 1.93 | 2023 | +8.62% | +1.25% | View data |
| 7 | 7 Belgium | 1.52 | 2023 | -4.75% | -3.72% | View data |
| 8 | 8 Hungary | 0.84 | 2023 | +4.75% | -2.11% | View data |
| 9 | 9 Denmark | 0.13 | 2023 | -25.11% | -14.7% | View data |
| 10 | 10 Portugal | 0.1 | 2023 | +0.99% | +2.93% | View data |
