Faroe Islands - Carbon dioxide damage

Adjusted savings: carbon dioxide damage (current US$)

The latest value for Adjusted savings: carbon dioxide damage (current US$) in Faroe Islands was 27,970,420 as of 2019. Over the past 49 years, the value for this indicator has fluctuated between 27,970,420 in 2019 and 678,757 in 1970.

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 678,757
1971 739,630
1972 711,179
1973 826,955
1974 1,095,291
1975 1,417,666
1976 1,448,850
1977 1,940,649
1978 2,085,616
1979 2,775,599
1980 2,716,475
1981 3,172,602
1982 3,587,931
1983 4,056,342
1984 4,394,168
1985 4,805,542
1986 4,763,767
1987 5,065,890
1988 5,678,032
1989 6,619,972
1990 8,533,425
1991 8,409,740
1992 8,696,657
1993 8,177,283
1994 8,432,407
1995 8,746,820
1996 9,574,456
1997 9,776,529
1998 10,674,090
1999 11,202,130
2000 12,799,460
2001 14,797,360
2002 14,630,710
2003 15,391,660
2004 16,484,870
2005 16,784,460
2006 16,604,450
2007 17,716,890
2008 16,896,040
2009 15,889,830
2010 18,007,100
2011 16,939,010
2012 18,335,700
2013 21,920,970
2014 20,114,090
2015 21,163,380
2016 22,653,830
2017 24,369,410
2018 26,516,260
2019 27,970,420

Adjusted savings: carbon dioxide damage (% of GNI)

Adjusted savings: carbon dioxide damage (% of GNI) in Faroe Islands was 0.81 as of 2017. Its highest value over the past 47 years was 1.26 in 2001, while its lowest value was 0.57 in 1973.

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 0.89
1971 0.83
1972 0.66
1973 0.57
1974 0.61
1975 0.68
1976 0.60
1977 0.62
1978 0.59
1979 0.70
1980 0.62
1981 0.80
1982 0.91
1983 0.93
1984 1.07
1985 1.09
1986 0.74
1987 0.62
1998 0.93
1999 0.96
2000 1.16
2001 1.26
2002 1.12
2003 0.99
2004 0.94
2005 0.94
2006 0.81
2007 0.75
2008 0.69
2009 0.72
2010 0.77
2011 0.65
2012 0.74
2013 0.79
2014 0.68
2015 0.82
2016 0.80
2017 0.81

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts