The Paris Agreement further stipulates that, to attain these objectives, it will be necessary âto achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gasesâ, that is net zero emissions, in the second half of this century. Recent scientific reports have further evidenced the importance of immediate and long-term climate action.1 The Paris Agreement encourages Parties to formulate and communicate long-term low greenhouse gas emission development strategies. This document is Icelandâs first communication on its long-term climate strategy. Iceland is committed to reducing its overall greenhouse gas emissions and reaching climate neutrality no later than 2040 and become fossil fuel free in 2050, which should set Iceland on a path to net negative emissions.