Since the beginning of the global 2020 economic crisis, the need to turn to sustainable economies has been arising in order to cope with the risks that derive from climate change which might undermine global financial stability. Therefore, there is a renewed interest in analysing the relation between the growth cycle and green taxes. This article attempts to evaluate the responsiveness of the European environmental taxation system to the economic cycle. Using yearly data collected in 28 European countries from 2000 to 2018, we run the dynamic common correlated effects estimator to compute the short- and long-run environmental tax buoyancy. Findings provide evidence of short-run rigidity for the energy tax revenues, whilst being buoyant in the long run for the total tax revenues, drawn mainly by taxation on transport. This suggests that the environmental tax system works as a good stabiliser for the economy.

自 2020 年全球经济危机开始以来，为了应对可能破坏全球金融稳定的气候变化带来的风险，转向可持续经济的需求不断增加。因此，人们对分析增长周期与绿色税收之间的关系重新产生了兴趣。本文试图评估欧洲环境税收制度对经济周期的反应。使用从 2000 年到 2018 年在 28 个欧洲国家收集的年度数据，我们运行动态共同相关效应估计器来计算短期和长期环境税收浮力。调查结果提供了能源税收收入短期刚性的证据，而从长期来看，主要来自交通税收的总税收收入是有活力的。