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Iceland

Iceland’s Climate Action Plan for 2018-2030 and 2020 update

legislation type Executive
Plan
Policy
Passed in 2018
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. 

Documents

  • Net zero - Make Iceland carbon neutral before 2040
    Economy-wide | Fixed level target | Target year: 2040
  • 40% reduction in ESR emissions by 2030
    Energy | Target year: 2030 | Base year: 2005
  • Carbon Neutral by 2040
    Energy | Target year: 2040 | Base year: 2005
  • 29% reduction in ESR emissions (below 2005 levels) by 2030
    Energy | Target year: 2030 | Base year: 2005
  • 29% reduction in ESR emissions by 2030
    Energy | Target year: 2030 | Base year: 2005
  • 21% reduction in ESR emissions for land transport (below 2005 levels) by 2030
    Transport | Target year: 2030 | Base year: 2005
  • 42% reduction in ESR emissions for ships and ports (below 2005 levels) by 2030
    Other | Target year: 2030 | Base year: 2005
  • 67% reduction in ESR emissions for energy production and small industry (below 2005 levels) by 2030
    Energy | Target year: 2030 | Base year: 2005
  • 11% increase in ESR emissions for F-gases and chemical use (below 2005 levels) by 2030
    Other | Target year: 2030 | Base year: 2005
  • 5% reduction in ESR emissions for agriculture (below 2005 levels) by 2030
    Agriculture | Target year: 2030 | Base year: 2005
  • 66% reduction in ESR emissions for waste management (below 2005 levels) by 2030
    Waste | Target year: 2030 | Base year: 2005
  • 43% reduction in emissions from EU-ETS Aviation and heavy industry (below 2005 levels) by 2030
    Industry | Target year: 2030 | Base year: 2005
  • 515% reduction in emissions from land use (below 2005 levels) by 2030
    LULUCF | Target year: 2030 | Base year: 2005
from the Grantham Research Institute
from the Grantham Research Institute
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