The fund was established in 2018 around a socially responsible project aimed at having companies, associations and individuals finance the restoration of wetlands in Iceland.
The Fund‘s primary objective is to contribute to the reclamation of wetlands and reduce greenhouse gas emissions in Iceland, as well as to promote the recovery of biosphere, birdlife and improving aquatic resources. It has been estimated that the length of the drained trenches in Iceland is about 34,000 kilometres. The main focus is on cooperation with farmers, landowners, municipalities and the Icelandic state to restore the areas not used for cultivation or forestry. The restoration of wetlands is a relatively fast and cheap way to reduce greenhouse gas emissions in Iceland.
Wetland restoration is a recognized means under the terms of the Intergovernmental Panel on Climate Change (IPCC). An assessment of the impact is carried out by experts of the Soil Conservation Service of Iceland and reviewed by the scientists of the Agricultural University of Iceland and the University of Iceland, after which they will be submitted to the IPCC.
The President of Iceland, Mr. Gudni Th. Jóhannesson, is the guardian of the project.