As of 2023, France leads European environmentally related tax revenue from energy taxes in the chemicals and chemical products sector with notable contributions, though it saw a slight decline. Poland follows with significant year-over-year growth, highlighting an increased fiscal focus on taxing energy use in manufacturing. Conversely, the United Kingdom experienced a modest decline. Other notable increases occurred in Hungary, leveraging a more aggressive environmental taxation strategy, and Romania. Several countries, like Finland and the Czech Republic, faced declines, whereas Spain and Lithuania showed moderate growth. Sweden and Iceland demonstrated resilience with overall positive trends.
Future trends to watch include:
- The potential impact of policy shifts related to the European Union's environmental regulations and carbon neutrality goals, affecting tax revenues.
- Changes in energy costs and their correlation to tax revenues in the manufacturing sector.
- The influence of technological advancements on energy efficiency in manufacturing, potentially altering tax bases.
- Cross-country discrepancies as each nation tailors tax policies relative to their environmental goals and industrial needs.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Chemicals and Chemical Products Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 50.72 | 2023 | +4.05% | -0.37% | View data |
| 2 | 2 Poland | 12.23 | 2023 | +4.58% | +10.22% | View data |
| 3 | 3 United Kingdom | 7.94 | 2023 | -1.71% | -1.94% | View data |
| 4 | 4 Romania | 6.94 | 2023 | +2.34% | +6.27% | View data |
| 5 | 5 Spain | 4.71 | 2023 | +5.38% | +4.22% | View data |
| 6 | 6 Czech Republic | 4.58 | 2023 | -5.64% | -5.73% | View data |
| 7 | 7 Belgium | 3.19 | 2023 | -4.39% | -1.41% | View data |
| 8 | 8 Slovenia | 2.74 | 2023 | +0.8% | -0.66% | View data |
| 9 | 9 Lithuania | 2.52 | 2023 | +5.01% | +2.85% | View data |
| 10 | 10 Hungary | 1.99 | 2023 | +1.84% | +14.95% | View data |
