Iceland World Leader In Renewable Energy Production

By Shubhendra Anand , 14 June, 2024

Renewable energy production is growing worldwide due to the clean energy transition in 2024. Renewable production is a vital point for transformation. However, the low availability of renewables is resulting in the slow progress of the clean energy transition. Therefore, countries globally are increasing their renewables stock and production in 2024. A 2024 survey shows Iceland is the emerging leader in renewable energy production worldwide. Iceland actively supports the green revolution that fights against climatic changes. Iceland can be considered the hub point of significant renewable energy sources, such as wind, solar, geothermal, and the like.

Iceland has developed specific technologies over the years to harness natural resources. These technologies have immensely helped the country increase the production of renewables. Hence, it is helping to accelerate the clean energy transition in this green revolution period. The government aims to become carbon-neutral by the end of 2040. Iceland's aims for carbon emissions run ten years ahead of the net zero emissions target of 2050. The ground-breaking development of Iceland is heating 100 percent of homes in Iceland with renewable energy. Hence, it marks a milestone achievement in the clean energy transition sector. Experts cite that geothermal energy production will be the main driver behind Iceland's renewable achievement in 2024.

The geothermal industry fulfills Iceland’s electricity needs, while hydropower is responsible for 70 percent of the country's energy needs. The country utilizes melted waters from glaciers and rivers to generate hydroelectric power. Hence, Iceland's sustainable practices make it a leading nation with immense renewables in stock for clean energy transition.

Renewable Energy Capacity Growth