The Climate Action Plan aims to boost efforts in cutting net emissions in order to reach the government‘s aim to make Iceland carbon neutral before 2040. The plan consists of 34 government measures, ranging from an increase in reforestation to a ban on new registration of fossil fuel cars by 2030.
The main emphasis of the document is: 1) to phase out fossil fuels in transport, 2) to increase carbon sequestration in land use, by restoration of woodlands and wetlands, revegetation and afforestation.
Climate mitigation measures will get an increase in funding of almost 7 billion Icelandic krónur in the period 2019-2023. A general carbon tax, already in place, will be gradually increased (it was increased by 50% in the beginning of 2018, and will be increased by 10% in 2019, and by 10% again in 2020).
The plan was thoroughly updated in 2020.
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Iceland’s Climate Action Plan for 2018-2030 and 2020 update
Sectors: Economy-wide, Energy, Environment
Examples:
Resilient infrastructure, Fossil fuel divestment, Net zero growth plan, Sustainable fishing
Main document
Iceland’s Climate Action Plan 2020
PDF
Other documents in this entry
Iceland’s Climate Action Plan for 2018-2030
previous versionPDF
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- Net zero - Make Iceland carbon neutral before 2040Economy-wide: Economy Wide · Target year: 2040
- 515% reduction in emissions from land use (below 2005 levels) by 2030LULUCF · Target year: 2030
- 43% reduction in emissions from EU-ETS Aviation and heavy industry (below 2005 levels) by 2030Industry · Target year: 2030
- 66% reduction in ESR emissions for waste management (below 2005 levels) by 2030Waste · Target year: 2030
- 5% reduction in ESR emissions for agriculture (below 2005 levels) by 2030Agriculture · Target year: 2030
Timeline
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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.