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The Icelandic Federation of Fishing Vessel Owners and Fish Processing Plants (SFS) says the fishing industry has paid about ISK 25 billion in carbon taxes since 2010, with annual payments forecast to reach ISK 4.6 billion in 2026. The marine fuel carbon tax rose from ISK 2.90 per litre in 2010 to ISK 28.30 in 2026.
SFS argues the levy hurts competitiveness against neighbouring countries.
Higher fuel taxes raise operating costs for Icelandic fleets and processors, which could weigh on their competitiveness. The effect on global fishmeal, fish oil and feed commodity prices is limited.
thefishingdaily.comOliver McBrideNov 12, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
