In 2023, the European Environmentally Related Tax Revenue from taxes on energy in the repair and installation of machinery and equipment varied significantly across countries. The United Kingdom led with the highest revenue at USD 163.27 million, experiencing a slight decrease of 0.89%. Conversely, Italy showed a substantial decrease of 15.54%, while France saw a smaller decrease of 1.44%. Other countries like the Czech Republic, Finland, Estonia, Latvia, Slovakia, Bulgaria, Cyprus, Iceland, and Malta experienced increases, with Slovakia having the highest year-on-year growth at 6.92%.
Future trends to watch in this sector include the potential for increased tax revenues driven by ongoing shifts towards cleaner energy and more sustainable practices in the repair and installation industries. Countries with currently low tax revenues, like Malta and Cyprus, could see more significant growth as they continue to adapt to European Union regulations and embrace renewable energy solutions.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Repair and Installation of Machinery and Equipment by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 163.27 | 2023 | -0.66% | -0.89% | View data |
| 2 | 2 Italy | 137.13 | 2023 | -6.7% | -15.54% | View data |
| 3 | 3 France | 120.36 | 2023 | +2.38% | -1.44% | View data |
| 4 | 4 Czech Republic | 26.85 | 2023 | +2.53% | +2.81% | View data |
| 5 | 5 Netherlands | 18.75 | 2023 | +5.8% | -0.16% | View data |
| 6 | 6 Spain | 17.31 | 2023 | +2.14% | -0.33% | View data |
| 7 | 7 Denmark | 12.02 | 2023 | +0.26% | -2.69% | View data |
| 8 | 8 Portugal | 10.15 | 2023 | +1.69% | +0.59% | View data |
| 9 | 9 Finland | 8.69 | 2023 | +5.03% | +3.29% | View data |
| 10 | 10 Austria | 6.78 | 2023 | +2.38% | +1.75% | View data |
