The SCOAP3 High-Energy Physics open access publishing initiative will launch on 1/1/2014.
Here's an excerpt from the announcement:
After intense preparations and consensus building, CERN1 has today confirmed that the SCOAP3 Open Access publishing initiative will start on 1 January 2014. With the support of partners in 24 countries2, a vast fraction of scientific articles in the field of High-Energy Physics will become Open Access at no cost for any author: everyone will be able to read them; authors will retain copyright; and generous licenses will enable wide re-use of this information.
Convened at CERN this is the largest scale global Open Access initiative ever built, involving an international collaboration of over one thousand libraries, library consortia and research organizations. SCOAP3 enjoys the support of funding agencies and has been established in co-operation with leading publishers. . . .
The objective of SCOAP3 is to grant unrestricted access to scientific articles appearing in scientific journals, which so far have only been available to scientists through certain university libraries, and generally unavailable to the wider public. Open dissemination of preliminary information, in the form of pre-peer-review articles known as preprints, has been the norm in High-Energy Physics and related disciplines for two decades. SCOAP3 sustainably extends this opportunity to high-quality peer-review service, making final version of articles available, within the Open Access tenets of free and unrestricted dissemination of science with intellectual property rights vested in the authors and wide re-use opportunities. In the SCOAP3 model, libraries and funding agencies pool resources currently used to subscribe to journals, in co-operation with publishers, and use them to support the peer-review system directly instead.
The SCOAP3 initiative looks forward to establishing further partnerships in the Asia-Pacific region, the Americas, Europe, Africa and the Middle East, where scientists will enjoy the advantages of Open Access and many libraries and library consortia will benefit from reductions in their subscription costs. . . .
More information–publishers and scientific societies participating in SCOAP3:
Chinese Academy of Sciences
Deutsche Physikalische Gesellschaft
Institute of Physics Publishing
Oxford University Press
Physical Society of Japan
SocietÃ Italiana di Fisica