Canada vs Iceland: Emissions-weighted carbon price in emissions trading systems
Canada
2.01 constant 2021 US$ per tonne of CO₂ equivalents
in 2025
Iceland
2.68 constant 2021 US$ per tonne of CO₂ equivalents
in 2025
Canada rank
37th
Iceland rank
35th
Emissions-weighted carbon price in emissions trading systems over time
- Canada
- Iceland
How they compare
Iceland currently reports 2.68 constant 2021 US$ per tonne of CO₂ equivalents against 2.01 constant 2021 US$ per tonne of CO₂ equivalents in Canada, a difference of 0.67 constant 2021 US$ per tonne of CO₂ equivalents.
That makes Iceland's figure about 1.3 times Canada's.
The two have swapped places 4 times across 37 shared years of data; in 1989 it was Iceland ahead.
Canada ranks 37th and Iceland ranks 35th of 200 countries.
Across the 5 decades both report, Canada averaged higher in 2 and Iceland in 1.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 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 | — |
| 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 | 0.0253 constant 2021 US$ per tonne of CO₂ equivalents | 0.9577 constant 2021 US$ per tonne of CO₂ equivalents | 0.9324 constant 2021 US$ per tonne of CO₂ equivalents | Iceland |
| 2010s | 1.57 constant 2021 US$ per tonne of CO₂ equivalents | 1.51 constant 2021 US$ per tonne of CO₂ equivalents | 0.0652 constant 2021 US$ per tonne of CO₂ equivalents | Canada |
| 2020s | 4.8 constant 2021 US$ per tonne of CO₂ equivalents | 2.11 constant 2021 US$ per tonne of CO₂ equivalents | 2.69 constant 2021 US$ per tonne of CO₂ equivalents | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher emissions-weighted carbon price in emissions trading systems, Canada or Iceland?
- Iceland, at 2.68 constant 2021 US$ per tonne of CO₂ equivalents against 2.01 constant 2021 US$ per tonne of CO₂ equivalents in Canada as of 2025.
- What is the difference in emissions-weighted carbon price in emissions trading systems between Canada and Iceland?
- 0.67 constant 2021 US$ per tonne of CO₂ equivalents, with Iceland ahead.
- How many years of comparable data are there for Canada and Iceland?
- 37 years are reported by both, from 1989 to 2025.
- How do Canada and Iceland rank globally for emissions-weighted carbon price in emissions trading systems?
- Canada ranks 37th and Iceland ranks 35th of 200 countries.
- Where does this data come from?
- Dolphin and Merkle (2024) – with minor processing by Our World in Data, published as Emissions-weighted carbon price in emissions trading systems. 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.