Business Iceland to share expertise on hydro and geothermal power

Business Iceland has launched the Green by Iceland initiative that aims to increase the export of renewable energy expertise and sustainable solutions from Iceland.
Icelandic expertise lies in four main areas - hydropower, geothermal energy, power transmission systems, and carbon capture utilisation and storage (CCUS).
With more than 30 partners, Green by Iceland aims to support and leverage renewable energy projects in Iceland and provide a platform for knowledge sharing.
The Green by Iceland website will showcase circular stories of businesses and projects that are leading the way in renewable energy.
For more than half a century, Iceland has relied on renewable energy for all electricity and district heating needs. Iceland is enthusiastic about sharing this know-how to increase the use of renewables worldwide. In 2018 the Icelandic Government outlined ambitious plans to be car¬bon-neu¬tral¬ by 2040 and is set to become the first fossil-fuel free country in the world by 2050.
"The government of Iceland takes climate change seriously. We have put forward a climate action plan with measurable and financed commitments towards achieving carbon neutrality by 2040," said Katrín Jakobsdóttir, the Prime Minister of Iceland. "We have also set the ambitious goal of becoming the first fossil fuel free country in the world by 2050. Iceland has a long history of using renewables. It is important to promote Icelandic renewable energy expertise abroad to reduce global carbon emissions and build a sustainable future."
"Iceland has been leading in the field of geothermal energy and has substantial experience with hydropower," added Einar Hansen Tomasson, head of energy and green solutions at Business Iceland.
"The export of Icelandic renewable energy expertise has a net positive impact on the climate, which is both good for business and the environment. For example, Iceland has hosted the Geothermal Training Programme for decades which provides training to industry leaders to assist developing countries in building up human capacity for advancing geothermal exploration and development."

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