The present document contains Iceland's Long-Term Low Emission Development Strategy, representing Iceland’s first communication on its long-term strategy (LTS) under the Paris Agreement. The document describes the foundation and various milestones that have been reached on the path to climate neutrality. Key documents and policies are introduced, such as Iceland’s Climate Action Plan for emissions reduction of 40% by 2030 compared to 2005 levels, which was published in 2020, and Iceland’s Energy Policy to 2050 that is based on the vision for sustainable energy future and aims towards a fossil fuel free future, where all energy production is of renewable origin in 2050. Insight is given into context and framing of overarching climate targets and commitments. Iceland’s approach to land use measures is of special importance, and it is working on extensive improvements in measurements and accounting of emissions and carbon sequestration to improve the knowledge base and minimise uncertainty in the LULUCF sector. Icelandic authorities are supportive of innovation when it comes to new technology, such as exploring possibilities for carbon capture and storage. A quick introduction is also given to a stakeholder engagement study that took place in 2021 on pathways to a climate neutral Iceland in 2040.
Islandia · 2021-10-01