The data for 2023 shows varied environmental tax revenue collected from energy in manufacturing across Europe, with Italy leading at 27.86 million US dollars PPP. Poland and Romania follow, showing strong increases from 2022, with growth of 9.72% and 5.16%, respectively. The UK and Belgium show modest increases, while countries like Ireland saw a decrease of 2.35%. Iceland recorded significant growth at 10%. Notably, Malta and Slovenia showed positive trends despite smaller revenue, demonstrating the fastest-growing taxa in small economies.
Looking ahead, key trends to watch include potential shifts in tax policies to meet EU energy transition objectives. As countries focus on renewable energy uptake and efficiency improvements, these tax revenues could see shifts, with potential increases in renewable energy subsidies possibly impacting tax revenues.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 27.86 | 2023 | +1.53% | +1.63% | View data |
| 2 | 2 Poland | 20.72 | 2023 | +4.01% | +9.72% | View data |
| 3 | 3 Romania | 17.51 | 2023 | +2.54% | +5.16% | View data |
| 4 | 4 United Kingdom | 12.47 | 2023 | +1.34% | +1.1% | View data |
| 5 | 5 Belgium | 4.62 | 2023 | +1.94% | +2.64% | View data |
| 6 | 6 Netherlands | 4.21 | 2023 | +1.67% | +1.32% | View data |
| 7 | 7 Serbia | 2.89 | 2023 | +3.22% | +1.85% | View data |
| 8 | 8 Greece | 2.85 | 2023 | +1.31% | +1.06% | View data |
| 9 | 9 Finland | 2.81 | 2023 | +1.95% | +0.57% | View data |
| 10 | 10 Portugal | 2.05 | 2023 | +3.11% | +1.7% | View data |
