Can Geothermal Power in Iceland Thaw a Frozen Economy?

GEA’s Gawell warns that even as Icelandic expertise becomes more competitive, demand for it could be drying up due to global financial distress. “On the other hand, in the long run I don’t think there’s any question we’re moving into a climate change regime for energy,” Gawell says. “Countries that rely on fossil fuels will have to invest in new technology and efficiency or will pay higher prices. I think Iceland will be in very good position in those markets.”

From the Scientific American 

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