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Geothermal Energy Development in Iceland

Author

Listed:
  • Alexey Mikhaylov

    (Financial University under the Government of the Russian Federation, Moscow, Russia.)

Abstract

The article analyzes the political and legal features of the organization of renewable energy activities in Iceland. It is designed by the relevance of using renewable energy as one of the safest for the environment, natural resources, health and life of the population. The choice of Icelandic legislation in this area is based on 85% of all primary energy of Iceland are renewable sources; a full-fledged legislation has been created in Iceland. The provisions of the National Plan for the Development of Renewable Sources were studied in 2014, which determines the direction of state internal and external energy policy. The basic legislative acts that regulate various aspects of renewable energy development in Iceland: The Law on National Energy Company and the Act of electricity produced using renewable sources. The legal status and competence of state bodies is involved in the process of making and implementing energy relevant decisions in this area, namely: Ministry of Industry and Innovation and National Energy Agency.

Suggested Citation

  • Alexey Mikhaylov, 2020. "Geothermal Energy Development in Iceland," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 31-35.
    • Handle: RePEc:eco:journ2:2020-04-5
    as

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    File URL: https://www.econjournals.com/index.php/ijeep/article/view/9047/5099
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    References listed on IDEAS

    as
    1. Bansal, Ankit & Illukpitiya, Prabodh & Singh, Surendra P. & Tegegne, Fisseha, 2013. "Economic competitiveness of ethanol production from cellulosic feedstock in Tennessee," Renewable Energy, Elsevier, vol. 59(C), pages 53-57.
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    Cited by:

    1. Pavel Baboshkin, 2020. "Strategic Energy Partnership between Russia and China," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 158-163.
    2. Thomas Burkhardt & Diana Stepanova & Leonid Ratkin & Ismail Ismailov & Oleg Lavrushin & Natalia Sokolinskaya & Mir Sayed Shah Danish & Tomonobu Senjyu & Serhat Yuksel & Hasan Dincer, 2021. "Introduction of Biofuels as a Way of Solving Ecological Problems," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 187-193.
    3. David Cook & Ingibjörg Karlsdóttir & Inga Minelgaite, 2022. "Enjoying the Heat? Co-Creation of Stakeholder Benefits and Sustainable Energy Development within Projects in the Geothermal Sector," Energies, MDPI, vol. 15(3), pages 1-21, January.

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    More about this item

    Keywords

    renewable energy; energy law; energy law of Iceland; energy origin guarantee; natural resources; Icelandic politics.;
    All these keywords.

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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