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Average CO2 emissions in countries that implemented a carbon tax in 2020, by country (in U.S. dollars)

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Source

Release date

October 2022

Region

Worldwide

Survey time period

2020

Supplementary notes

* The average carbon price is calculated based on the contribution of each sector to a country's CO2 emissions.

Citation formats

Average CO2 price in countries that have implemented a carbon tax in 2020

Published by Zeynep Dierks, Dec 18, 2025
In 2020, among the countries that implemented a carbon tax, Sweden had the highest carbon tax. France ranked third.
The higher the carbon tax, the more companies are discouraged from emitting CO2. Indeed, the carbon tax is a tax that applies directly to the production of greenhouse gas emissions or to fuels that emit these gases when burned. This means that goods and services that emit more CO2 in their production will be subject to a higher tax. However, the existence of a carbon tax does not guarantee its effectiveness. The level of carbon tax rates must be high enough to discourage carbon-emitting activities and encourage low-carbon activities.
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