Iceland's Sources of CO2 Emissions
Key Insights
2024 CO2 Emissions Profile
Iceland's CO2 emissions totalled around 4.2 megatonnes CO2e in 2024. Oil dominated, at roughly 2.7 megatonnes CO2 or 66% of national emissions, edging down by about 0.01 megatonnes CO2 per year over the ten years to 2024. Coal contributed around 0.9 megatonnes CO2 (21%) and rose by about 0.01 annually. Land-use emitted about 0.4 megatonnes CO2 (8%), also increasing, while other fossil sources supplied around 0.2 megatonnes CO2 (4%) and rose slightly.
Historic Coal Emissions
Coal emissions were around 0.02 megatonnes CO2 in the late 1930s, rising to roughly 0.4 megatonnes in 1940. They then fell sharply, reaching close to zero by the early 1970s. Emissions resumed an upward path thereafter, increasing from near zero to their record high of around 0.9 megatonnes CO2 in 2024.
Historic Oil Emissions
Oil emissions began near zero in the late 1930s and rose rapidly after the mid-1940s, reaching roughly 1.9 megatonnes CO2 by 1979. After a brief decline in the early 1980s, they climbed to a peak of around 2.9 megatonnes CO2 in 2008. They then eased and ended at about 2.7 megatonnes CO2 in 2024.
Historic Land-use Emissions
Land-use emissions fell from around 0.7 megatonnes CO2 in the early 1850s to about 0.1 in 1900, before rising unevenly to a peak of roughly 4.3 megatonnes CO2 in 1959. They then dropped steeply to around 0.7 by 1975. Since then, emissions have fluctuated, ending at about 0.4 megatonnes CO2 in 2024.
Historic Other Fossil Emissions
Other fossil emissions remained near zero until the mid-1950s. They subsequently increased, though with fluctuations, reaching a peak of around 0.3 megatonnes CO2 in 2008. Emissions declined after that high point before partly recovering, ending at approximately 0.2 megatonnes CO2 in 2024.
Background
The chart shows a national breakdown by source of the yearly CO2 emissions from human activities and processes expressed in megatonnes. It is critical to know and track the sources of national CO2 emissions in order to understand their individual impacts on climate change.
The sources of human CO2 emissions are
- CO2 From Fossil Fuels and Industry: coal, oil, gas combustion, other fossil processes
- CO2 From Land-Use, Land-Use Change, and Forestry
Coal, oil and gas combustion
Fossil fuel CO2 emissions from the combustion of coal, oil and gas are emitted by processes in electricity generation, transport, industry, and the building sector. All processes can be linked to human activities. Examples include driving cars with combustion engines burning diesel or gas, or electric cars charged by electricity from a power plant that burns coal.
Other fossil processes
Fossil CO2 emissions from other processes include sources like cement manufacturing and production of chemicals and fertilizers. Cement also has an absorption factor highlighted in the absorption breakdown chart.
Land-use change
Human civilization emits CO2 by changing and managing its land. Those emissions come, for example, from deforestation, logging, forest degradation, harvest activities and shifting agriculture cultivation. Land-use change also absorbs considerable amounts of CO2, which is shown in the absorption breakdown chart. Land-use change emits more than it absorbs, so the net effect is still emissions, but less than for coal, oil and gas.
Wikipedia: Greenhouse Gas EmissionsEarth System Science Data: GCP 2020 paper: Section 2.2 Land-use change; Section 2.1 Fossil fuel emissions
IPCC: Annual Report 6, 5.2.1.1 Anthropogenic CO2 emissions
Units and Measures
CO2 emissions are expressed in the total weight in megatonnes per year. 1 Megatonne is equal to 1 million tonnes.
Wikipedia: MegatonneWikipedia: Global warming potential
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National CO2 emissions data through 2024 is from the Global Carbon Project and covers fossil sources and land-use change.
The Key Insights paragraph was created using a large language model (LLM) in combination with our data, historic events, and a structured approach for best accuracy by separating the context generation from the interpretation and narrative.
Data Sources
Global Carbon Budget 2025 Global Carbon Budget
Update cycle: yearlyDelay: ~ 10 months after the end of the year. Current year values are estimated and published in November.Credits: Friedlingstein, P., O'Sullivan, M., Jones, M. W., Andrew, R. M., Bakker, D. C. E., Hauck, J., Landschützer, P., Le Quéré, C., Li, H., Luijkx, I. T., Peters, G. P., Peters, W., Pongratz, J., Schwingshackl, C., Sitch, S., Canadell, J. G., Ciais, P., Aas, K., Alin, S. R., Anthoni, P., Barbero, L., Bates, N. R., Bellouin, N., Benoit-Cattin, A., Berghoff, C. F., Bernardello, R., Bopp, L., Brasika, I. B. M., Chamberlain, M. A., Chandra, N., Chevallier, F., Chini, L. P., Collier, N. O., Colligan, T. H., Cronin, M., Djeutchouang, L., Dou, X., Enright, M. P., Enyo, K., Erb, M., Evans, W., Feely, R. A., Feng, L., Ford, D. J., Foster, A., Fransner, F., Gasser, T., Gehlen, M., Gkritzalis, T., Goncalves De Souza, J., Grassi, G., Gregor, L., Gruber, N., Guenet, B., Gürses, Ö., Harrington, K., Harris, I., Heinke, J., Hurtt, G. C., Iida, Y., Ilyina, T., Ito, A., Jacobson, A. R., Jain, A. K., Jarníková, T., Jersild, A., Jiang, F., Jones, S. D., Kato, E., Keeling, R. F., Klein Goldewijk, K., Knauer, J., Kong, Y., Korsbakken, J. I., Koven, C., Kunimitsu, T., Lan, X., Liu, J., Liu, Z., Liu, Z., Lo Monaco, C., Ma, L., Marland, G., McGuire, P. C., McKinley, G. A., Melton, J., Monacci, N., Monier, E., Morgan, E. J., Munro, D. R., Müller, J. D., Nakaoka, S.-I., Nayagam, L. R., Niwa, Y., Nutzel, T., Olsen, A., Omar, A. M., Pan, N., Pandey, S., Pierrot, D., Qin, Z., Regnier, P. A. G., Rehder, G., Resplandy, L., Roobaert, A., Rosan, T. M., Rödenbeck, C., Schwinger, J., Skjelvan, I., Smallman, T. L., Spada, V., Sreeush, M. G., Sun, Q., Sutton, A. J., Sweeney, C., Swingedouw, D., Séférian, R., Takao, S., Tatebe, H., Tian, H., Tian, X., Tilbrook, B., Tsujino, H., Tubiello, F., van Ooijen, E., van der Werf, G., van de Velde, S. J., Walker, A., Wanninkhof, R., Yang, X., Yuan, W., Yue, X., and Zeng, J.: Global Carbon Budget 2025, Earth Syst. Sci. Data Discuss. [preprint], https://doi.org/10.5194/essd-2025-659, in review, 2025.