Iceland’s Intended Nationally Determined Contribution .

This Iceland's Intended Nationally Determined Contribution (INDC) is a multi-sectoral policy document for the period of 2015-2030. Iceland aims to be part of a collective delivery by European countries to reach a target of 40% reduction of greenhouse gas emissions by 2030 compared to 1990 levels. The targeted emission reduction covers all main sectors, including: Energy; Industrial processes and product use; Agriculture; Waste; Land Use, Land-Use Change and Forestry.
A precise commitment for Iceland within such collective delivery has yet to be determined, and is dependent on an agreement with the European Union and its Member States and possibly other countries. Under such an arrangement, Iceland will ensure fullfillment of its fair share of the collective delivery of the 40% target by: a) continuing participation in the EU Emissions Trading Scheme and b) determining a target for emissions outside the EU-ETS by the same methodology as applied to EU Member States.
Iceland intends to include land use, land-use change and forestry (LULUCF) in its post-2020 contribution to climate mitigation, in accordance with established and accepted methodology for LULUCF accounting. In particular Iceland intends to employ afforestation and revegetation to contribute to its goals. Iceland will also use wetland restoration as part of its climate efforts.