In 2023, Spain led European Environmentally Related Tax Revenue from pollution in the chemical manufacturing sector with $43.59 million, showing a year-on-year increase of 3.7%. Despite standing third in revenue, the UK experienced a significant decline of 11.25%, while Italy saw a 9.27% reduction. Hungary ($32.52 million) and Denmark ($8.36 million) enjoyed marginal increases. Notably, Austria and Slovenia faced steep declines of 30.42% and 23.26%, respectively. The five-year CAGR indicates varied growth, highlighting Spain's robust expansion and consistent declines among smaller economies.
Looking ahead, the future of environmentally related tax revenues in Europe may see stronger growth due to reinforced regulations on pollution, innovative compliance technologies, and increased public pressure on environmental responsibilities. Monitoring shifts in policy and green technology adoption will be crucial as nations balance economic growth with environmental sustainability.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Manufacturing of Chemicals and Chemical Products Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 43.59 | 2023 | +10.53% | +3.7% | View data |
| 2 | 2 Hungary | 32.52 | 2023 | +5.09% | +0.36% | View data |
| 3 | 3 United Kingdom | 10.2 | 2023 | -13.55% | -11.25% | View data |
| 4 | 4 Denmark | 8.36 | 2023 | +0.067% | +0.53% | View data |
| 5 | 5 Italy | 4.17 | 2023 | -6.96% | -9.27% | View data |
| 6 | 6 Lithuania | 0.95 | 2023 | -1.28% | -7.37% | View data |
| 7 | 7 Iceland | 0.099 | 2023 | +1.28% | -7.87% | View data |
| 8 | 8 Portugal | 0.049 | 2023 | +1.03% | +3.61% | View data |
| 9 | 9 Austria | 0.022 | 2023 | -46.85% | -30.42% | View data |
| 10 | 10 Ireland | 0.02 | 2023 | +32.56% | -9.97% | View data |
