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Emissions-weighted carbon price from carbon taxes in Iceland

Iceland: Emissions-weighted carbon price from carbon taxes was 25.62 constant 2021 US$ per tonne of CO₂ equivalents in 2025. ◆ Volatile

Latest (2025)
25.62 constant 2021 US$ per tonne of CO₂ equivalents
Change on year
up 56.1%
World rank
11th
of 200 countries
All-time high
25.62 constant 2021 US$ per tonne of CO₂ equivalents
in 2025
All-time low
0 constant 2021 US$ per tonne of CO₂ equivalents
in 1989
Years of data
37
1989–2025

Emissions-weighted carbon price from carbon taxes in Iceland, 1989–2025

01020301989200720251989: 0 constant 2021 US$ per tonne of CO₂ equivalents1990: 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: 0 constant 2021 US$ per tonne of CO₂ equivalents2009: 0 constant 2021 US$ per tonne of CO₂ equivalents2010: 3.3 constant 2021 US$ per tonne of CO₂ equivalents2011: 8.6 constant 2021 US$ per tonne of CO₂ equivalents2012: 6.2 constant 2021 US$ per tonne of CO₂ equivalents2013: 3.3 constant 2021 US$ per tonne of CO₂ equivalents2014: 4.7 constant 2021 US$ per tonne of CO₂ equivalents2015: 4.4 constant 2021 US$ per tonne of CO₂ equivalents2016: 5.3 constant 2021 US$ per tonne of CO₂ equivalents2017: 5.3 constant 2021 US$ per tonne of CO₂ equivalents2018: 15.3 constant 2021 US$ per tonne of CO₂ equivalents2019: 16.1 constant 2021 US$ per tonne of CO₂ equivalents2020: 16.1 constant 2021 US$ per tonne of CO₂ equivalents2021: 16.5 constant 2021 US$ per tonne of CO₂ equivalents2022: 15.6 constant 2021 US$ per tonne of CO₂ equivalents2023: 15.9 constant 2021 US$ per tonne of CO₂ equivalents2024: 16.4 constant 2021 US$ per tonne of CO₂ equivalents2025: 25.6 constant 2021 US$ per tonne of CO₂ equivalents

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

Analysis

In 2025, emissions-weighted carbon price from carbon taxes in Iceland stood at 25.62 constant 2021 US$ per tonne of CO₂ equivalents. That is the highest value across all 37 years on record.

That represents a change of up 56.1% on the previous year and up 486.7% over ten years.

Over the whole period, emissions-weighted carbon price from carbon taxes in Iceland peaked at 25.62 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 1989.

Iceland ranks 11th of 200 countries on this measure, in the top 10%.

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

Averages by decade

DecadeAverage LowestHighest Years
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 1
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 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
2010s 7.26 constant 2021 US$ per tonne of CO₂ equivalents 3.3 constant 2021 US$ per tonne of CO₂ equivalents 16.09 constant 2021 US$ per tonne of CO₂ equivalents 10
2020s 17.68 constant 2021 US$ per tonne of CO₂ equivalents 15.57 constant 2021 US$ per tonne of CO₂ equivalents 25.62 constant 2021 US$ per tonne of CO₂ equivalents 6

Countries ranked near Iceland

  1. 8 Switzerland 32.42 constant 2021 US$ per tonne of CO₂ equivalents compare
  2. 9 France 30.82 constant 2021 US$ per tonne of CO₂ equivalents compare
  3. 10 Denmark 27.51 constant 2021 US$ per tonne of CO₂ equivalents compare
  4. 12 South Africa 14.57 constant 2021 US$ per tonne of CO₂ equivalents compare
  5. 14 Hungary 11.11 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 emissions-weighted carbon price from carbon taxes in Iceland?
Emissions-weighted carbon price from carbon taxes in Iceland was 25.62 constant 2021 US$ per tonne of CO₂ equivalents in 2025, according to Dolphin and Merkle (2024) – with minor processing by Our World in Data.
What is the highest emissions-weighted carbon price from carbon taxes recorded in Iceland?
The highest recorded value was 25.62 constant 2021 US$ per tonne of CO₂ equivalents in 2025.
What is the lowest emissions-weighted carbon price from carbon taxes recorded in Iceland?
The lowest recorded value was 0 constant 2021 US$ per tonne of CO₂ equivalents in 1989.
How does Iceland rank for emissions-weighted carbon price from carbon taxes?
Iceland ranks 11th out of 200 countries with data for 2025.
Is emissions-weighted carbon price from carbon taxes rising or falling in Iceland?
Over the last ten years it is up 486.7%. 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 minor processing by Our World in Data, published as part of Emissions-weighted carbon price from carbon taxes. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 37 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Emissions-weighted carbon price from carbon taxes
Unit
constant 2021 US$ per tonne of CO₂ equivalents
Source
Dolphin and Merkle (2024) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
200 places, 7,400 data points, 1989–2025
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.