Global warming is one of the most important global issues at the moment and for the foreseeable future. Carbon taxes are one of the main tools to try to reduce greenhouse gas emissions, essentially by increasing the price of fossil fuels. This both decreases demand for goods and services that produce high emissions and incentivizes making them less carbon-intensive.
Carbon taxes are denominated in U.S. dollars per metric ton of CO₂ equivalent, so they are easy to compare between countries. I have made a map showing where European countries currently stand. It is based on the data from the World Bank's Carbon Pricing Dashboard as of 2024. Note that countries in the 60-79 range all use the EU Emissions Trading System (EU ETS) of approximately $61.3, except the Netherlands, which has its own carbon tax rate at €66.50 (~$71.48).
Generally more developed countries have higher carbon taxes. One notable exception is Japan. It's carbon tax is currently of $2 per metric ton of CO2 equivalent, which is even less than a majority of developing countries, notably in Latin America. It is between Mexico's and Ukraine's.
Carbon taxes in China are set by the cities/provinces, wait in the US and Canada they are set by the states. Nevertheless it is shocking to see that most Chinese cities have carbon taxes four or five time higher than Japan.
The price range required to meet the Paris Agreement signed by almost every country in the world in 2016, is between $40 and $80. The question is why eight years after signing the agreement Japan is still so far behind for a rich country?
Carbon taxes are denominated in U.S. dollars per metric ton of CO₂ equivalent, so they are easy to compare between countries. I have made a map showing where European countries currently stand. It is based on the data from the World Bank's Carbon Pricing Dashboard as of 2024. Note that countries in the 60-79 range all use the EU Emissions Trading System (EU ETS) of approximately $61.3, except the Netherlands, which has its own carbon tax rate at €66.50 (~$71.48).
Generally more developed countries have higher carbon taxes. One notable exception is Japan. It's carbon tax is currently of $2 per metric ton of CO2 equivalent, which is even less than a majority of developing countries, notably in Latin America. It is between Mexico's and Ukraine's.
Carbon taxes in China are set by the cities/provinces, wait in the US and Canada they are set by the states. Nevertheless it is shocking to see that most Chinese cities have carbon taxes four or five time higher than Japan.
The price range required to meet the Paris Agreement signed by almost every country in the world in 2016, is between $40 and $80. The question is why eight years after signing the agreement Japan is still so far behind for a rich country?