Update of the Nationally Determined Contribution of Iceland.

This Update of the Nationally Determined Contribution of Iceland is a cross-sectoral policy document covering the period from 1 January 2021 to 31 December 2030. Iceland is committed to a target of 55 per cent net reduction of greenhouse gas emissions by 2030 compared to 1990, acting jointly with the European Union and its Member States and Norway to achieve this target, within the framework of their climate cooperation agreement.
The target covers all sectors and greenhouse gases. Iceland seeks to fulfil the enhanced ambition through climate cooperation with the European Union and Norway. Iceland’s enhanced ambition target of 55 per cent net emissions reduction refers to the joint target of the countries involved; the individual share and commitments of each country is then determined by commonly agreed rules. Sectors covered include: Energy, Industrial processes and product use, Agriculture, Waste, Land-use, land-use change and forestry. Gases covered are: Carbon dioxide (CO2) Methane (CH4) Nitrous oxide (N2O) Perfluorocarbons (PFCs) Hydrofluorocarbons (HFCs) Sulphur hexafluoride (SF6).