This Icelandic country report is part of a project entitled "The Road Towards a Carbon Free Society - A Nordic-German Trade Union Cooperation on Just Transition". A Just Transition towards a carbon-neutral future is the most urgent environmental, social and economic issue of our times. This report covers the national climate goals of Iceland, the economic structure of greenhouse gas emissions and the social groups affected. It also discusses national instruments and the lack of government policy on Just Transition. Forming such a policy requires close cooperation between the social partners. Therefore ASÍ, BSRB and BHM propose for that purpose that a special working group be established within the National Economic Council.