Carbon neutrality in the context of "Energy in Iceland"


Carbon neutrality in the context of "Energy in Iceland"

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⭐ Core Definition: Carbon neutrality

Global net-zero emissions are reached when greenhouse gas emissions and removals due to human activities are in balance. Net-zero emissions is often shortened to net zero. Once global net zero is achieved, further global warming is expected to stop.

Emissions can refer to all greenhouse gases or only to carbon dioxide (CO2). Reaching net zero is necessary to stop further global warming. It requires deep cuts in emissions, for example by shifting from fossil fuels to sustainable energy, improving energy efficiency and halting deforestation. A small remaining fraction of emissions can then be offset using carbon dioxide removal.

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👉 Carbon neutrality in the context of Energy in Iceland

Iceland is a world leader in renewable energy. 100% of the electricity in Iceland's electricity grid is produced from renewable resources. In terms of total energy supply, 85% of the total primary energy supply in Iceland is derived from domestically produced renewable energy sources. Geothermal energy provided about 65% of primary energy in 2016, the share of hydropower was 20%, and the share of fossil fuels (mainly oil products for the transport sector) was 15%.

The Icelandic government aspires that the nation will be carbon neutral by 2040. The largest obstacles to this are road transport and the fishing industry.

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