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Carbon price vs. share of global CO₂ emissions covered in Iceland

Iceland: Carbon price vs. share of global CO₂ emissions covered was 57.53 constant 2021 US$ per tonne of CO₂ equivalents in 2025. ◆ Volatile

Latest (2025)
57.53 constant 2021 US$ per tonne of CO₂ equivalents
Change on year
up 50.4%
World rank
31st
of 200 countries
All-time high
57.53 constant 2021 US$ per tonne of CO₂ equivalents
in 2025
All-time low
0 constant 2021 US$ per tonne of CO₂ equivalents
in 1990
Years of data
36
1990–2025

Carbon price vs. share of global CO₂ emissions covered in Iceland, 1990–2025

02040601990200720251990: 0 constant 2021 US$ per tonne of CO₂ equivalents1991: 0 constant 2021 US$ per tonne of CO₂ equivalents1992: 0 constant 2021 US$ per tonne of CO₂ equivalents1993: 0 constant 2021 US$ per tonne of CO₂ equivalents1994: 0 constant 2021 US$ per tonne of CO₂ equivalents1995: 0 constant 2021 US$ per tonne of CO₂ equivalents1996: 0 constant 2021 US$ per tonne of CO₂ equivalents1997: 0 constant 2021 US$ per tonne of CO₂ equivalents1998: 0 constant 2021 US$ per tonne of CO₂ equivalents1999: 0 constant 2021 US$ per tonne of CO₂ equivalents2000: 0 constant 2021 US$ per tonne of CO₂ equivalents2001: 0 constant 2021 US$ per tonne of CO₂ equivalents2002: 0 constant 2021 US$ per tonne of CO₂ equivalents2003: 0 constant 2021 US$ per tonne of CO₂ equivalents2004: 0 constant 2021 US$ per tonne of CO₂ equivalents2005: 0 constant 2021 US$ per tonne of CO₂ equivalents2006: 0 constant 2021 US$ per tonne of CO₂ equivalents2007: 0 constant 2021 US$ per tonne of CO₂ equivalents2008: 34.3 constant 2021 US$ per tonne of CO₂ equivalents2009: 23.4 constant 2021 US$ per tonne of CO₂ equivalents2010: 13.2 constant 2021 US$ per tonne of CO₂ equivalents2011: 22.4 constant 2021 US$ per tonne of CO₂ equivalents2012: 15.4 constant 2021 US$ per tonne of CO₂ equivalents2013: 8.1 constant 2021 US$ per tonne of CO₂ equivalents2014: 11 constant 2021 US$ per tonne of CO₂ equivalents2015: 10.8 constant 2021 US$ per tonne of CO₂ equivalents2016: 11.2 constant 2021 US$ per tonne of CO₂ equivalents2017: 11.6 constant 2021 US$ per tonne of CO₂ equivalents2018: 32 constant 2021 US$ per tonne of CO₂ equivalents2019: 34.5 constant 2021 US$ per tonne of CO₂ equivalents2020: 36.4 constant 2021 US$ per tonne of CO₂ equivalents2021: 38 constant 2021 US$ per tonne of CO₂ equivalents2022: 37.4 constant 2021 US$ per tonne of CO₂ equivalents2023: 37.8 constant 2021 US$ per tonne of CO₂ equivalents2024: 38.2 constant 2021 US$ per tonne of CO₂ equivalents2025: 57.5 constant 2021 US$ per tonne of CO₂ equivalents

Source: Dolphin and Merkle (2024) – with major processing by Our World in Data. Measured in constant 2021 US$ per tonne of CO₂ equivalents.

Analysis

The most recent figure for carbon price vs. share of global co₂ emissions covered in Iceland is 57.53 constant 2021 US$ per tonne of CO₂ equivalents, measured in 2025. That is the highest value across all 36 years on record.

The figure is up 50.4% on the previous year and up 434.4% over ten years.

Over the whole period, carbon price vs. share of global co₂ emissions covered in Iceland peaked at 57.53 constant 2021 US$ per tonne of CO₂ equivalents in 2025 and was at its lowest, 0 constant 2021 US$ per tonne of CO₂ equivalents, in 1990.

Iceland ranks 31st of 200 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Carbon price vs. share of global CO₂ emissions covered in Iceland, year by year

Year constant 2021 US$ per tonne of CO₂ equivalents Change
1990 0 constant 2021 US$ per tonne of CO₂ equivalents —
1991 0 constant 2021 US$ per tonne of CO₂ equivalents —
1992 0 constant 2021 US$ per tonne of CO₂ equivalents —
1993 0 constant 2021 US$ per tonne of CO₂ equivalents —
1994 0 constant 2021 US$ per tonne of CO₂ equivalents —
1995 0 constant 2021 US$ per tonne of CO₂ equivalents —
1996 0 constant 2021 US$ per tonne of CO₂ equivalents —
1997 0 constant 2021 US$ per tonne of CO₂ equivalents —
1998 0 constant 2021 US$ per tonne of CO₂ equivalents —
1999 0 constant 2021 US$ per tonne of CO₂ equivalents —
2000 0 constant 2021 US$ per tonne of CO₂ equivalents —
2001 0 constant 2021 US$ per tonne of CO₂ equivalents —
2002 0 constant 2021 US$ per tonne of CO₂ equivalents —
2003 0 constant 2021 US$ per tonne of CO₂ equivalents —
2004 0 constant 2021 US$ per tonne of CO₂ equivalents —
2005 0 constant 2021 US$ per tonne of CO₂ equivalents —
2006 0 constant 2021 US$ per tonne of CO₂ equivalents —
2007 0 constant 2021 US$ per tonne of CO₂ equivalents —
2008 34.3 constant 2021 US$ per tonne of CO₂ equivalents —
2009 23.42 constant 2021 US$ per tonne of CO₂ equivalents -31.7%
2010 13.16 constant 2021 US$ per tonne of CO₂ equivalents -43.8%
2011 22.4 constant 2021 US$ per tonne of CO₂ equivalents +70.2%
2012 15.36 constant 2021 US$ per tonne of CO₂ equivalents -31.4%
2013 8.09 constant 2021 US$ per tonne of CO₂ equivalents -47.4%
2014 10.99 constant 2021 US$ per tonne of CO₂ equivalents +35.9%
2015 10.76 constant 2021 US$ per tonne of CO₂ equivalents -2.0%
2016 11.17 constant 2021 US$ per tonne of CO₂ equivalents +3.8%
2017 11.58 constant 2021 US$ per tonne of CO₂ equivalents +3.6%
2018 32.04 constant 2021 US$ per tonne of CO₂ equivalents +176.8%
2019 34.48 constant 2021 US$ per tonne of CO₂ equivalents +7.6%
2020 36.37 constant 2021 US$ per tonne of CO₂ equivalents +5.5%
2021 37.96 constant 2021 US$ per tonne of CO₂ equivalents +4.4%
2022 37.37 constant 2021 US$ per tonne of CO₂ equivalents -1.5%
2023 37.85 constant 2021 US$ per tonne of CO₂ equivalents +1.3%
2024 38.25 constant 2021 US$ per tonne of CO₂ equivalents +1.1%
2025 57.53 constant 2021 US$ per tonne of CO₂ equivalents +50.4%

Iceland compared with similar countries

  • Iceland's 57.53 constant 2021 US$ per tonne of CO₂ equivalents is above the median for high income countries, which is 26.46 constant 2021 US$ per tonne of CO₂ equivalents, 2.2× the median. (67 countries reporting)
  • Iceland's 57.53 constant 2021 US$ per tonne of CO₂ equivalents is below the median for Europe & Central Asia, which is 67.93 constant 2021 US$ per tonne of CO₂ equivalents, 85% of the median. (52 countries reporting)

Biggest year-on-year movements

Years where Carbon price vs. share of global CO₂ emissions covered in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2018 +176.8% 11.58 constant 2021 US$ per tonne of CO₂ equivalents 32.04 constant 2021 US$ per tonne of CO₂ equivalents
2011 +70.2% 13.16 constant 2021 US$ per tonne of CO₂ equivalents 22.4 constant 2021 US$ per tonne of CO₂ equivalents
2013 -47.4% 15.36 constant 2021 US$ per tonne of CO₂ equivalents 8.09 constant 2021 US$ per tonne of CO₂ equivalents

Averages by decade

DecadeAverage LowestHighest Years
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 10
2000s 5.77 constant 2021 US$ per tonne of CO₂ equivalents 0 constant 2021 US$ per tonne of CO₂ equivalents 34.3 constant 2021 US$ per tonne of CO₂ equivalents 10
2010s 17 constant 2021 US$ per tonne of CO₂ equivalents 8.09 constant 2021 US$ per tonne of CO₂ equivalents 34.48 constant 2021 US$ per tonne of CO₂ equivalents 10
2020s 40.89 constant 2021 US$ per tonne of CO₂ equivalents 36.37 constant 2021 US$ per tonne of CO₂ equivalents 57.53 constant 2021 US$ per tonne of CO₂ equivalents 6

Countries ranked near Iceland

  1. 28 Germany 68.11 constant 2021 US$ per tonne of CO₂ equivalents compare
  2. 29 Estonia 67.75 constant 2021 US$ per tonne of CO₂ equivalents compare
  3. 30 Austria 66.73 constant 2021 US$ per tonne of CO₂ equivalents compare
  4. 32 Luxembourg 46.98 constant 2021 US$ per tonne of CO₂ equivalents compare
  5. 33 New Zealand 35.16 constant 2021 US$ per tonne of CO₂ equivalents compare
  6. 34 Canada 26.46 constant 2021 US$ per tonne of CO₂ equivalents compare

See the full ranking of 200 places →

More climate change data for Iceland

All data for Iceland →

Frequently asked questions

What is carbon price vs. share of global co₂ emissions covered in Iceland?
Carbon price vs. share of global co₂ emissions covered in Iceland was 57.53 constant 2021 US$ per tonne of CO₂ equivalents in 2025, according to Dolphin and Merkle (2024) – with major processing by Our World in Data.
What is the highest carbon price vs. share of global co₂ emissions covered recorded in Iceland?
The highest recorded value was 57.53 constant 2021 US$ per tonne of CO₂ equivalents in 2025.
What is the lowest carbon price vs. share of global co₂ emissions covered recorded in Iceland?
The lowest recorded value was 0 constant 2021 US$ per tonne of CO₂ equivalents in 1990.
How does Iceland rank for carbon price vs. share of global co₂ emissions covered?
Iceland ranks 31st out of 200 countries with data for 2025.
Is carbon price vs. share of global co₂ emissions covered rising or falling in Iceland?
Over the last ten years it is up 434.4%. The long-run trend across the full record is volatile.
Where does this Iceland data come from?
The figures come from Dolphin and Merkle (2024) – with major processing by Our World in Data, published as part of Carbon price vs. share of global CO₂ emissions covered. Statizoid updates them automatically from the source API.

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Carbon price vs. share of global CO₂ emissions covered in Iceland. Statizoid, drawing on Dolphin and Merkle (2024) – with major processing by Our World in Data. Retrieved 25 September 2026, from https://climate.statizoid.com/stat/carbon-price-vs-share-emissions/iceland/

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About this data

Indicator
Carbon price vs. share of global CO₂ emissions covered
Unit
constant 2021 US$ per tonne of CO₂ equivalents
Source
Dolphin and Merkle (2024) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
200 places, 7,200 data points, 1990–2025
Last refreshed

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.