This study employs a life cycle perspective to analyze the carbon footprints of various waste streams, evaluating 52 cases across 26 types of household waste in Sweden, with a focus on waste prevention and management. It demonstrates that while recycling can reduce carbon emissions, prevention could significantly enhance these benefits, with savings ranging from −36.5 to −0.01 kg-CO₂-eq per kg of waste. Notably, Waste Electrical and Electronic Equipment (WEEE), textiles, tires, residual household, and plastic waste are the top five fractions most amenable to prevention on a per mass basis. Further analysis, considering waste volumes, shows that targeted recycling of materials like WEEE, metals, and paper could account for over 80% of potential carbon savings. However, the majority of potential climate impact is attributed to the energy recovery of unsorted (mixed) waste, contributing to more than 90% of total impacts. Redirecting all mixed waste to recycling could triple carbon savings, but focusing on prevention could potentially increase benefits twenty-sevenfold, particularly for waste like WEEE, food, and textiles. This research provides a valuable tool for identifying key areas in waste management to optimize climate benefits and enhance public awareness. However, it advises using local data for precise planning due to inherent uncertainties.