The Environment Association’s Climate Change Project 2004-2005, Iceland

The aim of the Icelandic Environment Association’s Climate Change Project was to determine whether it would be theoretically and economically feasible to reduce Iceland's emissions of greenhouse gases to a neutral level by 2050. For example, a model was devised to calculate how targeted green taxation would influence the use of private cars.

Theoretical scenarios were also drawn up in order to predict how new technological developments might lead to greater energy efficiency and reduced emissions in the fisheries industry, and what costs are associated with lowering the CO2 ceiling.

The results, presented in October 2005, generated attention in the media and among the public and demonstrated that it is feasible to reduce emissions by 20% by 2050, given predicted technological developments.