Iceland - Adjusted savings: carbon dioxide damage (% of GNI)

Adjusted savings: carbon dioxide damage (% of GNI) in Iceland was 0.353 as of 2019. Its highest value over the past 49 years was 0.692 in 1970, while its lowest value was 0.293 in 2007.

Definition: Cost of damage due to carbon dioxide emissions from fossil fuel use and the manufacture of cement, estimated to be US$30 per ton of CO2 (the unit damage in 2014 US dollars for CO2 emitted in 2015) times the number of tons of CO2 emitted.

Source: World Bank staff estimates based on sources and methods described in "The Changing Wealth of Nations 2018: Building a Sustainable Future" (Lange et al 2018).

See also:

Year Value
1970 0.692
1971 0.618
1972 0.532
1973 0.493
1974 0.416
1975 0.470
1976 0.451
1977 0.412
1978 0.402
1979 0.405
1980 0.358
1981 0.367
1982 0.398
1983 0.479
1984 0.578
1985 0.522
1986 0.443
1987 0.344
1988 0.330
1989 0.392
1990 0.383
1991 0.333
1992 0.348
1993 0.451
1994 0.470
1995 0.425
1996 0.478
1997 0.468
1998 0.432
1999 0.417
2000 0.462
2001 0.512
2002 0.469
2003 0.401
2004 0.371
2005 0.323
2006 0.352
2007 0.293
2008 0.404
2009 0.536
2010 0.503
2011 0.436
2012 0.451
2013 0.402
2014 0.394
2015 0.418
2016 0.373
2017 0.328
2018 0.336
2019 0.353

Statistical Concept and Methodology: Pollution damage from emissions of carbon dioxide is calculated as the marginal social cost per unit multiplied by the increase in the stock of carbon dioxide. The unit damage figure represents the present value of global damage to economic assets and to human welfare over the time the unit of pollution remains in the atmosphere.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts