In 2024, Serbia leads European countries in environmentally related tax revenue from taxes on pollution in mining and quarrying, with a forecasted revenue of 28.07 million USD, marking a 3.86% increase from 2023. Poland, despite being the second-largest, faces a 3.16% decline, highlighting a regional shift towards smaller yet more positively trending markets like Denmark and Latvia, which experienced increases of 7.17% and 6.07% respectively. Sweden shows a substantial 20.25% surge, signifying potential shifts in policy or industrial restructuring supporting greener practices. Conversely, Hungary has seen a notable decrease of 11.52%, indicating possible regulatory or market challenges. The Compound Annual Growth Rate (CAGR) analysis over the past five years shows that these values often averaged around regional political and economic developments, which have influenced tax policies and environmental goals.
Future trends to watch include the continued impact of EU environmental regulations and technological advancements in green mining practices. Nations with increasing tax revenues, like Sweden and Denmark, may serve as models for achieving emission reduction goals, while countries with declining trends might need to reassess their environmental policies. Optimizing these tax strategies could lead to a more sustainable mining and quarrying sector across Europe.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Mining and Quarrying by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Serbia | 28.07 | 2023 | +3.45% | +3.86% | View data |
| 2 | 2 Poland | 6.75 | 2023 | -4.06% | -3.16% | View data |
| 3 | 3 United Kingdom | 4.44 | 2023 | +0.6% | -1.35% | View data |
| 4 | 4 Spain | 1 | 2023 | +9.57% | +1.1% | View data |
| 5 | 5 Czech Republic | 0.86 | 2023 | -0.78% | +1.04% | View data |
| 6 | 6 Slovakia | 0.74 | 2023 | -1.16% | -0.9% | View data |
| 7 | 7 Sweden | 0.3 | 2023 | +1.73% | +20.25% | View data |
| 8 | 8 Denmark | 0.27 | 2023 | -5.17% | +7.17% | View data |
| 9 | 9 Latvia | 0.17 | 2023 | +12.11% | +6.07% | View data |
| 10 | 10 Hungary | 0.13 | 2023 | +2.79% | -11.52% | View data |
