Regarding the carbon tax rates in selected countries, Sweden is leading at $127.26 per ton of CO₂ emissions, followed by Norway at $107.78.
European countries dominate the top of the list, reflecting their strong commitments to reducing carbon emissions.
In comparison, countries like China and South Africa have lower carbon taxes, with South Africa being the only African country with such a tax as of 2024, set at $10.09 per ton of CO₂.
Carbon taxes are implemented to curb carbon emissions by making it more costly to burn fossil fuels like coal, oil, and gas, thus encouraging a shift toward cleaner energy sources.
The source of this data is the World Bank, which provides insights into the global approach to carbon taxation.
