The United Kingdom led European environmentally related tax revenue in mining and quarrying in 2023, with Norway and Italy following. Notable growth was seen in the Czech Republic and Slovakia with 2023 year-on-year increases of 20.49% and 9.85%, respectively. Conversely, Poland and Bulgaria experienced declines at -6.35% and -9.89%, respectively. The Compound Annual Growth Rate (CAGR) analysis shows varied progress, indicating stable to rising eco-tax revenues across many European countries over the last five years.
Future trends to watch include:
- Continued investment in sustainable practices may boost revenue from environmental taxes.
- Policy changes and technological advancements could reshape tax landscapes.
- Countries with declining revenues, like Poland and Bulgaria, may implement new strategies to reverse these trends.
- Increasing emphasis on carbon-neutral activities could expand taxation scope beyond traditional sectors.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Mining and Quarrying Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 25.11 | 2023 | +0.78% | +1.21% | View data |
| 2 | 2 Norway | 20.61 | 2023 | +1.63% | +2.93% | View data |
| 3 | 3 Italy | 14.94 | 2023 | +2.09% | +1.04% | View data |
| 4 | 4 Spain | 9.01 | 2023 | +3.53% | +2.75% | View data |
| 5 | 5 France | 4.42 | 2023 | +2.9% | +0.14% | View data |
| 6 | 6 Romania | 4.2 | 2023 | -3.11% | +0.13% | View data |
| 7 | 7 Poland | 4.07 | 2023 | -3.69% | -6.35% | View data |
| 8 | 8 Czech Republic | 3.16 | 2023 | +3.48% | +20.49% | View data |
| 9 | 9 Serbia | 2.98 | 2023 | +3.08% | +5.07% | View data |
| 10 | 10 Austria | 2.24 | 2023 | +1.53% | +0.71% | View data |
