In this article, we will look into the 10 countries with carbon tax in the world. If you want to read our detailed analysis you can go directly to the 30 Countries with Carbon Tax in the World.
10. Latvia
Carbon Tax Price: $16.31 per tCO2e
ETS Price: $96.30 per tCO2e
Latvia is ranked among the countries with a carbon tax in the world. It implemented a carbon tax in 2004, with a price rate of $16.31 as of 2023.
9. United Kingdom
Carbon Tax Price: $22.28 per tCO2e
ETS Price: $88.13 per tCO2e
The UK is ranked 9th on our list. As of 2023, the carbon price in the country is $22.28 per tCO2e. The country also launched its national ETS in 2021, which covers the power, mining, and aviation sectors.
8. Denmark
Carbon Tax Price: $26.53 per tCO2e
ETS Price: $96.30 per tCO2e
Denmark implemented a carbon tax in 1992. The country generated $468 million in revenue from carbon pricing in 2022. Its carbon tax price is $26.53, as of 2023.
7. Canada
Carbon Tax Price: $48.03 per tCO2e
ETS Price: $48.03 per tCO2e
Canada is ranked 7th on our list of countries with a carbon tax in the world. The carbon tax was implemented in the country in 2019. As of 2023, its tax price is $48.03 per tCO2e.
6. France
Carbon Tax Price: $48.50 per tCO2e
ETS Price: $96.30 per tCO2e
France has both a carbon tax and an EU ETS. The carbon tax was implemented in 2014. As of 2023, it has a price rate of $48.50 for every tonne of CO2e emitted.
5. Ireland
Carbon Tax Price: $52.74 per tCO2e
Ireland is one of the countries with a carbon tax in the world. The country has a carbon tax price of $52.74 per tonne of CO2e.
4. Finland
Carbon Tax Price: $83.74 per tCO2e
ETS Price: $96.30 per tCO2e
Finland implemented a carbon tax in 1990, which provides coverage for sectors such as mining, agriculture, and transport, among others. Its carbon tax is priced at $83.74 for every ton of CO2e emitted.
3. Switzerland
Carbon Tax Price: $130.81 per tCO2e
ETS Price: $93.81 per tCO2e
Switzerland implemented both carbon tax and ETS in 2008. As of 2023, they are priced at $130.81 and $93.81 per tonne of CO2e respectively. It is ranked 3rd on our list.
2. Liechtenstein
Carbon Tax Price: $130.81 per tCO2e
ETS Price: $96.30 per tCO2e
Liechtenstein is ranked 2nd on our list. In 2022, the country generated $5 million in revenue from carbon tax. Its carbon tax is priced at $130.81 per CO2e, as of 2023. The EU ETS is also applicable in Liechtenstein.
1. Uruguay
Carbon Tax Price: $155.87 per tCO2e
Uruguay tops our list of the countries with a carbon tax in the world. As of 2023, the country has a carbon tax rate of $155.87 per tCO2e.
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