As of April 1, 2024, Sweden had by far the highest carbon tax rate of the Nordics countries, at over 127 U.S. dollars per metric ton of CO₂ equivalent (USD/tCO₂e). In comparison to 1991, when it was first established, Sweden's carbon tax rate has more than tripled. In fact, Sweden has one of the highest carbon taxes in the world.
Meanwhile, Finland, the first Nordic country to establish a carbon tax, had the third-highest rate in the region, at 83.7 USD/tCO₂e.
Carbon tax rates in the Nordic countries from 1991 to 2024
(in U.S. dollars per metric ton of CO₂ equivalent)
Prices are on 1 April, or latest available prior to 1 April each year.
Supplementary notes
*Carbon tax prices for Sweden before 2024 were taken from the 2023 report. Prices prior to 2024 are on 31 March, or latest available prior to 31 March each year.
Certain countries and jurisdictions use different carbon tax rates for different sectors or fuels. For this statistic, the higher carbon price has been used.
Prices are not necessarily comparable between carbon pricing initiatives because of differences in the sectors covered and allocation methods applied, specific exemptions, and different compensation methods.
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World Bank. (May 21, 2024). Carbon tax rates in the Nordic countries from 1991 to 2024 (in U.S. dollars per metric ton of CO₂ equivalent) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1429643/prices-of-carbon-taxes-in-the-nordics-by-country/
World Bank. "Carbon tax rates in the Nordic countries from 1991 to 2024 (in U.S. dollars per metric ton of CO₂ equivalent)." Chart. May 21, 2024. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1429643/prices-of-carbon-taxes-in-the-nordics-by-country/
World Bank. (2024). Carbon tax rates in the Nordic countries from 1991 to 2024 (in U.S. dollars per metric ton of CO₂ equivalent). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1429643/prices-of-carbon-taxes-in-the-nordics-by-country/
World Bank. "Carbon Tax Rates in The Nordic Countries from 1991 to 2024 (in U.S. Dollars per Metric Ton of Co₂ Equivalent)." Statista, Statista Inc., 21 May 2024, https://www.statista.com/statistics/1429643/prices-of-carbon-taxes-in-the-nordics-by-country/
World Bank, Carbon tax rates in the Nordic countries from 1991 to 2024 (in U.S. dollars per metric ton of CO₂ equivalent) Statista, https://www.statista.com/statistics/1429643/prices-of-carbon-taxes-in-the-nordics-by-country/ (last visited November 24, 2024)
Carbon tax rates in the Nordic countries from 1991 to 2024 (in U.S. dollars per metric ton of CO₂ equivalent) [Graph], World Bank, May 21, 2024. [Online]. Available: https://www.statista.com/statistics/1429643/prices-of-carbon-taxes-in-the-nordics-by-country/
