Islandsbanki Research publishes this report that covers developments in the energy sector in Iceland from the beginning of electrification to the present day and into the future, with an eye to the challenges and opportunities ahead. Particular emphasis is placed on the economic significance of the transition to green energy and its impact on exports, investments, and the competitive position of Icelandic companies.

In recent decades, energy-related matters have changed radically in Iceland, with broad-based impact on society, the business community, and the economic position of the country. Iceland has evolved from relying primarily on coal and peat to being at the forefront globally in the use of renewable energy.