The Icelandic name of the Iceland Carbon Fund – Kolvidur – can be traced to a historical figure named Kolvidur á Vatni, who was killed and buried at Kolviðarhóll. The adoption of his name is in part intended as a reminder that at the time of settlement (9th century), about a third of the country was covered by forests. Today, forests only cover about 1.3% of the Iceland. Tree planting by the Iceland Carbon Fund thus not only helps to combat CO2 levels in the atmosphere, but also helps to restore the vegetation- and forest cover in Iceland.
To encourage the people of Iceland to be the first nation in the world to offset all transportation-related carbondioxide emissions
