Canada vs Iceland: Carbon price vs. share of global CO₂ emissions covered
Canada
26.46 constant 2021 US$ per tonne of CO₂ equivalents
in 2025
Iceland
57.53 constant 2021 US$ per tonne of CO₂ equivalents
in 2025
Canada rank
34th
Iceland rank
31st
Carbon price vs. share of global CO₂ emissions covered over time
- Canada
- Iceland
How they compare
Iceland currently reports 57.53 constant 2021 US$ per tonne of CO₂ equivalents against 26.46 constant 2021 US$ per tonne of CO₂ equivalents in Canada, a difference of 31.07 constant 2021 US$ per tonne of CO₂ equivalents.
That makes Iceland's figure about 2.2 times Canada's.
The two have swapped places 6 times across 36 shared years of data; in 1990 it was Iceland ahead.
Canada ranks 34th and Iceland ranks 31st of 200 countries.
Across the 4 decades both report, Canada averaged higher in 2 and Iceland in 1.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0 constant 2021 US$ per tonne of CO₂ equivalents | 0 constant 2021 US$ per tonne of CO₂ equivalents | 0 constant 2021 US$ per tonne of CO₂ equivalents | — |
| 2000s | 4.01 constant 2021 US$ per tonne of CO₂ equivalents | 5.77 constant 2021 US$ per tonne of CO₂ equivalents | 1.76 constant 2021 US$ per tonne of CO₂ equivalents | Iceland |
| 2010s | 26.83 constant 2021 US$ per tonne of CO₂ equivalents | 17 constant 2021 US$ per tonne of CO₂ equivalents | 9.83 constant 2021 US$ per tonne of CO₂ equivalents | Canada |
| 2020s | 57.64 constant 2021 US$ per tonne of CO₂ equivalents | 40.89 constant 2021 US$ per tonne of CO₂ equivalents | 16.75 constant 2021 US$ per tonne of CO₂ equivalents | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher carbon price vs. share of global co₂ emissions covered, Canada or Iceland?
- Iceland, at 57.53 constant 2021 US$ per tonne of CO₂ equivalents against 26.46 constant 2021 US$ per tonne of CO₂ equivalents in Canada as of 2025.
- What is the difference in carbon price vs. share of global co₂ emissions covered between Canada and Iceland?
- 31.07 constant 2021 US$ per tonne of CO₂ equivalents, with Iceland ahead.
- How many years of comparable data are there for Canada and Iceland?
- 36 years are reported by both, from 1990 to 2025.
- How do Canada and Iceland rank globally for carbon price vs. share of global co₂ emissions covered?
- Canada ranks 34th and Iceland ranks 31st of 200 countries.
- Where does this data come from?
- Dolphin and Merkle (2024) – with major processing by Our World in Data, published as Carbon price vs. share of global CO₂ emissions covered. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.