In 2023, France led European countries in environmentally related tax revenue from pollution taxes in machinery repair and installation, with 4.99 million US dollars, reflecting a 6.48% year-over-year increase. Hungary followed at 1.5 million, up by 1.93%. The UK experienced a decline of 9.62%, to 1.07 million. Belgium, Denmark, Switzerland, and Malta showed modest gains, while Finland and Lithuania saw decreases. Austria and Estonia recorded minor positive changes. Over the past five years, these countries have shown varied trends, reflecting their distinct policy frameworks and economic conditions.
Looking ahead, we anticipate an increased emphasis on green tax policies, driven by EU climate goals and renewable energy transitions, influencing the tax revenue landscape in this sector. Close monitoring of policy shifts and technological advancements will be crucial to understand future trends. Additionally, economic recovery post-pandemic might alter industrial activities impacting related tax revenues.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Repair and Installation of Machinery and Equipment by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 4.99 | 2023 | +4.09% | +6.48% | View data |
| 2 | 2 Hungary | 1.5 | 2023 | +4.07% | +1.93% | View data |
| 3 | 3 United Kingdom | 1.07 | 2023 | -12.47% | -9.62% | View data |
| 4 | 4 Belgium | 0.32 | 2023 | -0.19% | +0.27% | View data |
| 5 | 5 Denmark | 0.22 | 2023 | +0.11% | -6.35% | View data |
| 6 | 6 Switzerland | 0.2 | 2023 | +0.089% | +1.9% | View data |
| 7 | 7 Malta | 0.18 | 2023 | +4.16% | +7.27% | View data |
| 8 | 8 Austria | 0.074 | 2023 | +4.25% | +0.7% | View data |
| 9 | 9 Lithuania | 0.06 | 2023 | -4.93% | -0.48% | View data |
| 10 | 10 Finland | 0.056 | 2023 | -2.54% | -2.56% | View data |
