The United Kingdom leads the European market with $238.14 million in environmentally related tax revenue from taxes on energy in financial services, followed by Italy at $126.01 million. Ireland showed remarkable growth with a 32.56% increase in 2023, while countries like Poland, Greece, and Spain saw declines. Over the past five years, different countries have experienced varying average annual growth rates. Notably, Slovakia exhibited a strong performance, contrasting with declining trends in Denmark and Sweden.
Future trends to watch include potential policy shifts towards renewable energy, which could alter tax dynamics. The anticipated push for green finance could stimulate tax revenue growth in countries with robust environmental agendas.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Activities Auxiliary to Financial Services and Insurance Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 238.14 | 2023 | +1.73% | +1.36% | View data |
| 2 | 2 Italy | 126.01 | 2023 | +2.42% | +5.91% | View data |
| 3 | 3 France | 74.43 | 2023 | +4% | +1.36% | View data |
| 4 | 4 Ireland | 54.83 | 2023 | +20.4% | +32.56% | View data |
| 5 | 5 Netherlands | 41.29 | 2023 | +1.13% | +1.72% | View data |
| 6 | 6 Germany | 33.35 | 2023 | -1.56% | +1.79% | View data |
| 7 | 7 Poland | 16.39 | 2023 | -0.69% | -1.2% | View data |
| 8 | 8 Finland | 11.17 | 2023 | +2.95% | +2.52% | View data |
| 9 | 9 Portugal | 5.99 | 2023 | -0.38% | +0.87% | View data |
| 10 | 10 Greece | 5.43 | 2023 | -0.33% | -0.97% | View data |
