The analysis of European Environmentally Related Tax Revenue from Taxes on Energy in Insurance, Reinsurance, and Pension Funding indicates mixed trends across countries. In 2023, Poland leads with the highest revenue of 231.56 million USD, though it experienced a slight decline of 1.14% year-on-year. Noteworthy is Slovenia, showcasing a significant increase of 12.87%. Portugal and Lithuania also reported positive growth figures, with Portugal at 4.78% and Lithuania at 4.53%. Countries like Norway, Slovakia, and Denmark faced substantial declines of 15.17%, 13.47%, and 5.56%, respectively. The Compound Annual Growth Rate (CAGR) over the past five years shows moderate but inconsistent growth across the board.
Future trends to watch include the impact of evolving environmental regulations on tax structures, the increasing importance of energy efficiency, and sustainability measures which could influence tax revenue distribution. Additionally, the overall economic environment, fluctuating energy prices, and technological advancements could further shape future tax revenue trends in this sector. Closer attention to governmental policy shifts will be crucial for anticipating changes in this landscape.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Insurance, Reinsurance and Pension Funding, Except Compulsory Social Security by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 231.56 | 2023 | -0.72% | -1.14% | View data |
| 2 | 2 United Kingdom | 148.27 | 2023 | +0.58% | +0.33% | View data |
| 3 | 3 France | 125.29 | 2023 | +3.34% | +1.26% | View data |
| 4 | 4 Netherlands | 62.98 | 2023 | +0.81% | +1.71% | View data |
| 5 | 5 Switzerland | 12.18 | 2023 | -1.83% | -3.57% | View data |
| 6 | 6 Sweden | 11.03 | 2023 | -3.59% | -3.96% | View data |
| 7 | 7 Belgium | 6.07 | 2023 | -1.32% | -2.22% | View data |
| 8 | 8 Portugal | 4.38 | 2023 | +0.35% | +4.78% | View data |
| 9 | 9 Denmark | 3.56 | 2023 | +0.079% | -5.56% | View data |
| 10 | 10 Austria | 3.48 | 2023 | +2.29% | +0.88% | View data |
