The analysis of European Environmentally Related Tax Revenue from Resources in Mining and Quarrying reveals varied trends among the countries. In 2023, the United Kingdom led with $65.74 million, showing a moderate increase of 2.26% from the previous year. Spain also saw a 2.55% growth, reaching $27.33 million. France experienced a significant decline by 11.27%, reducing its tax revenue to $2.12 million. Cyprus saw a slight decline of 0.21% to $0.65 million. Latvia and Belgium displayed minor variations, both under 2%. Poland saw the most substantial decline at 20.03%, while Slovenia showed a slight increase.
Future trends to watch include potential shifts in regulatory policies aimed at increasing environmental taxes to mitigate climate change impacts. Economic recovery strategies post-pandemic and trends in resource consumption will likely influence tax revenues significantly. Monitoring geopolitical developments and energy market transformations will also be crucial in understanding future revenues.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Mining and Quarrying Share by Country (Million US Dollars PPP = 2015)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 65.74 | 2023 | +1.37% | +2.26% | View data |
| 2 | 2 Spain | 27.33 | 2023 | +3.18% | +2.55% | View data |
| 3 | 3 France | 2.12 | 2023 | -13.01% | -11.27% | View data |
| 4 | 4 Cyprus | 0.65 | 2023 | -0.12% | -0.21% | View data |
| 5 | 5 Latvia | 0.37 | 2023 | +1.23% | -0.3% | View data |
| 6 | 6 Belgium | 0.14 | 2023 | +4.32% | +1.61% | View data |
| 7 | 7 Poland | 0.022 | 2023 | -30.19% | -20.03% | View data |
| 8 | 8 Slovenia | 0.011 | 2023 | +0.45% | +1.13% | View data |
