(iv)
6
(a)
(b)
assumptions and methodological approaches used in relation
to those components, as applicable;
For climate forcers included in nationally determined
contributions not covered by IPCC guidelines, information on
how the climate forcers are estimated;
Further technical information, as necessary;
Not applicable
The target of at least 55% net reduction by 2030 is intended to be achieved
through domestic measures, in the context of acting jointly with the
European Union and its Member States and with Norway, without
contribution from international credits.
(See 4(b)).
How the Party considers that its nationally determined contribution is fair and ambitious in the light of its national circumstances:
How the Party considers that its nationally determined
contribution is fair and ambitious in the light of its national
circumstances;
The intention to use voluntary cooperation under Article 6 of
the Paris Agreement, if applicable.
Not applicable
Fairness considerations, including reflecting on equity;
Iceland's updated NDC represents a significant increase in ambition
beyond its initial NDC submitted at the time of ratifying the Paris
Agreement. Both the initial NDC and this update require significantly
higher net emissions reductions than were projected as business as usual
at the time of their adoption.
Iceland regards its nationally determined contribution to represent its fair
share of the efforts to achieve the global long-term goal of the Paris
Agreement.
The IPCC Special Report on global warming of 1.5C shows that pathways
limiting warming to 1.5C typically achieve net zero greenhouse gas
emissions at global level in the second half of this century. This enhanced
NDC is in line with Iceland's intention of achieving a climate-neutrality
2040. Iceland therefore considers the enhanced NDC to be a fair
contribution towards the global temperature goal of the Paris Agreement.