Iceland's Report on Policies, Measures, and Projections, 2022 Transport policies and measures Participation in According to an estimate by the International Civil Aviation Organization for (ICAO) international air an international system mitigating emissions from aviation (ETS and (705) CORSIA) Incentives for low and zero emission vehicles (201) Infrastructure for low and zero emission vehicles (202) Objective and/or activity affected Legislation and regulations for clean energy transition (203) GHG affecte d carriers will need to CO₂ carbon offset 2.5 million kt CO₂e to achieve carbon neutral growth between the years 2021-2035. The quantified objective of policies 201, 202, 203 and 204 combined is a 51 kt. CO₂e reduction in emissions in 2030, NO compared to a baseline scenario in the Climate Action Plan. emissions in 2030, compared to a baseline scenario in the Climate Action Plan. CO₂, CH Type of instrument CO₂, CH, NO Economic, Regulatory The quantified objective of policies 201, 202, 203 and 204 combined is a 51 kt Coe reduction in emissions in 2030, compared to a baseline scenario in the Climate Action Plan. The quantified objective of policies 201, 202, 203 and 204 combined is a 51 kt. Coe reduction in CO₂, CH Regulatory, NO planning Fiscal Economic Status Implemented Implemented Ministry the Implemented Implementin g entity or entities Implemented Ministry of Finance and Economic Affairs (FIR), Environment, Energy Climate and Ministry of Finance and Economic Affairs (FIR) for Estimate of impact not available. Ministry of Industries and Innovation (ANR) Estimate of mitigation impact (not cumulative, in kt CO eq) Ministry of Industries and Innovation (ANR) 2025 2030 2035 Estimate of impact not available. Estimate of impact not available. Estimate of impact not available. 2040 Iceland's Report on Policies, Measures, and Projections, 2022