In 2023, the global cost of carbon dioxide damage varied significantly by country. China led with $532.55 billion, followed by the United States at $212.57 billion, and India at $114.55 billion. Growth in carbon cost was notable in Bangladesh with a 10.3% increase, while Laos saw a rise of 20.16%. The effects of CO2 were financial burdens most intense in rapidly developing nations, with notable percentage increases in emerging economies. Conversely, some countries like Ukraine and Denmark reported slight decreases or minimal growth.
Future trends indicate continued increases in the cost of carbon dioxide damage in emerging markets due to industrialization and increased emissions. Countries must strategize mitigation efforts amidst growing climate change impacts. Watch for policy shifts, technological innovations, and international agreements that could alter these trends significantly.
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 532,550,000,000 | 2023 | +3.91% | +6.17% | View data |
| 2 | 2 United States | 212,570,000,000 | 2023 | +2.03% | +1.75% | View data |
| 3 | 3 India | 114,550,000,000 | 2023 | +3.87% | +3.58% | View data |
| 4 | 4 Russia | 82,512,000,000 | 2023 | +4.28% | +4.86% | View data |
| 5 | 5 Japan | 47,034,000,000 | 2023 | +1.79% | +1.47% | View data |
| 6 | 6 Iran | 37,696,000,000 | 2023 | +9.51% | +8.58% | View data |
| 7 | 7 Indonesia | 30,386,000,000 | 2023 | +5.1% | +6.09% | View data |
| 8 | 8 South Korea | 29,150,000,000 | 2023 | +3.35% | +3.36% | View data |
| 9 | 9 Germany | 28,256,000,000 | 2023 | +1.48% | +0.38% | View data |
| 10 | 10 Canada | 26,631,000,000 | 2023 | +3.43% | +3.22% | View data |
