Icelandic President discusses global energy transition in Doha debate

Icelandic President Olafur Ragnar Grimsson participated in a debate in Doha titled “Economics of Energy”. He noted that Iceland shifted from relying on coal and oil in the 1960s to having renewable energy as the largest source of its electrical power. Grimsson stated that more than 80 per cent of the country’s total fuel requirements now come from renewable sources.

Grimsson argued that combining geothermal, wind, wave, and bioenergy could meet the energy demands required to sustain a growing economy for every country in the world. The statements emphasize the potential for energy system transformation globally.