Part 6/9:
The Icelandic model demonstrates that countries with sustainable energy options are at a significant advantage. With electricity production per capita surpassing any other nation, Iceland made a strategic choice to focus on energy-intensive industries such as aluminum smelting, utilizing inexpensive geothermal energy. As global industries chase after sustainable resources, Iceland’s model presents a counter-narrative to energy reliance on fossil fuels.
Exporting Sustainability
Iceland's economic recovery also benefited from different sectors like fish exports, tourism, and cryptocurrency mining. Despite its notable advancements, Iceland remains a net importer of various goods, reliant on international supply chains to maintain its economy.