In 2024, Estonia leads in climate-related taxes as a percentage of GDP at 3.81%, followed by the Netherlands and Croatia. Year-on-year variations show significant increases in Estonia, Latvia, and Croatia, while Greece and Iceland experienced declines. Over the last five years, Estonia and Slovenia showed notable increases, while Greece and Colombia faced substantial decreases. The trend indicates a general shift in focus towards green taxation though with varying emphasis across regions.
Future trends to watch include potential tax increases in developing countries, as part of their climate policy initiatives, and a possible restructuring of tax policies in developed nations to incentivize green energy transitions.
Top countries in Climate Change Related Taxes by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 3.81 | 2023 | +2.81% | +2.7% | View data |
| 2 | 2 Netherlands | 3.25 | 2023 | +0.62% | +1.11% | View data |
| 3 | 3 Croatia | 3.07 | 2023 | +2.23% | +1.96% | View data |
| 4 | 4 Latvia | 2.93 | 2023 | +1% | +2.03% | View data |
| 5 | 5 Finland | 2.79 | 2023 | -0.18% | -0.72% | View data |
| 6 | 6 Slovenia | 2.79 | 2023 | -0.5% | -0.68% | View data |
| 7 | 7 Portugal | 2.53 | 2023 | +0.039% | 0% | View data |
| 8 | 8 Costa Rica | 2.35 | 2023 | +0.64% | +1% | View data |
| 9 | 9 Austria | 2.26 | 2023 | -0.44% | -0.46% | View data |
| 10 | 10 Cyprus | 2.2 | 2023 | +1.15% | -0.55% | View data |
