A new Climate Change Strategy, adopted in 2007, sets forth a long-term vision for the reduction of net emissions of greenhouse gases by 50-75% until the year 2050, using 1990 emissions figures as a baseline.
Source: UNCSD Secretariat (2010) Questionnaire for the Member States on Experiences, Success Factors, Risks and Challenges with Regard to Objective and Themes of UN Conference on Sustainable Development (UNCSD)

"In 2007, the Icelandic government adopted a new Climate Change Strategy, the third of its kind. It is conceived as a framework for action and government involvement in climate change issues. The Strategy will be reviewed regularly in view of new scientific knowledge, developments in international co-operation to combat climate change and governmental emphases at any given time. The Strategy sets forth a long-term vision for the reduction of net emissions of greenhouse gases by 50-75% until the year 2050, using 1990 emissions figures as a baseline. Emphasis is placed on reducing net emissions by the most economical means possible and in a way that provides additional benefits, by actions such as including the introduction of new low- and zero-carbon technology, economic instruments, carbon sequestration in vegetation and soil, and financing of climate-friendly measures in other countries."