In 2023, Canada led with a significant increase of 16.51% in environmentally related tax revenue from energy-related GHG emissions, reaching 6.89 billion USD PPP. Norway saw a marginal rise of 0.55% to 3.22 billion USD PPP, while Denmark experienced a decline of 2.25%, settling at 0.60281 billion USD PPP. Portugal's revenue increased by 6.18%, totaling 0.47793 billion USD PPP, and Latvia had the highest growth at 29.69%, reaching 0.13922 billion USD PPP.
Future trends to watch include technological advancements driving emissions reductions, potential changes in policy frameworks, and shifting public sentiment towards sustainability, all of which could impact global environmentally related tax revenues. Continual monitoring of these factors will be essential for accurately forecasting changes and trends in this sector.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy Related GHG Emissions in the Total Economy by Country
| # | 5 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 6,890 | 2023 | +10.63% | +16.51% | View data |
| 2 | 2 Norway | 3,220 | 2023 | +0.69% | +0.55% | View data |
| 3 | 3 Denmark | 602.81 | 2023 | -0.95% | -2.25% | View data |
| 4 | 4 Portugal | 477.93 | 2023 | +5.99% | +6.18% | View data |
| 5 | 5 Latvia | 139.22 | 2023 | +8.36% | +29.69% | View data |
