By Helga Kristjánsdóttir
This e-book offers interesting examples of the methods renewable and sustainable power can help fiscal progress, so one can be illuminating for tutorial researchers and scholars, in addition to these drawn to eco-friendly funding possibilities. The detailed glacial, volcanic and oceanic environments of Iceland and Greenland provide plentiful renewable strength assets within the type of hydropower and geothermal strength. As one of many few countries on this planet with a hundred% renewable electrical energy creation, Iceland is a compelling case learn of a sustainable power pushed economic system. attention of Greenland presents an enticing distinction, as its huge, immense strength for hydropower scale-up has purely been minimally harnessed. The variable and glued expense elements governing extra enlargement and export of the areas’ sustainable strength through sub-sea cable are detailed.
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Additional info for Sustainable Energy Resources and Economics in Iceland and Greenland
Swimming pools outside of geothermal areas tend to be indoor pools. The Blue Lagoon, one of the most popular tourist attractions, was created when harnessing geothermal resources, unintentionally by the condense outlet water from the power station Svartsengi by HS Orka (Fig. 24). 56 5 The Geothermal Source Fig. 20 Lake Mývatn Nature Bath in the neighbourhood of Krafla. Author’s photo (2013) Fig. 21 Location of geothermal power stations in Iceland. Source: Júlíusson et al. (2015) 5 The Geothermal Source 57 Fig.
9 Greenhouses in Hveragerði in the south west of Iceland. Author’s photo (2014) 48 5 The Geothermal Source Fig. 10 Greenhouses in Brúnalaug, in Eyjafjörður, in the north east of Iceland. Author’s photo (2013) growing plants in the greenhouses. The greenhouses also benefit from the abundance of electricity in Iceland, since electricity is used for lighting up the houses. Moreover the geothermal resources are applied for enrichment of CO2 within the greenhouses (National Energy Authority 2014) (Fig.
If a country can produce a particular good at a lower cost than another country, in terms of real resources compared to another country, it is said to have absolute advantage. Countries can have an absolute advantage, or a comparative advantage in harnessing resources. Country is said to have a comparative advantage if it can produce a particular good at lower cost, relative to other goods, when compared to another country. Goods or services quantity of produced by a firm is generally classified as its output, within an industry or a country.
Sustainable Energy Resources and Economics in Iceland and Greenland by Helga Kristjánsdóttir