Geothermal Power: A Laboratory for Life After Fossil Fuels
Source: Financial Times, Andrew Ward (9/28/11)
"As Iceland battles its way back from a crippling financial crisis, President GrÍmsson is promoting geothermal resources as a driving force of recovery."
Iceland's President Olafur Ragnar Grímsson has only to look out his window for a reminder of his country's clean energy potential. From the white-washed presidential residence on a windswept peninsula outside Reykjavik, he can look across the capital to a volcanic mountain range behind.
It is Iceland's location on a geological hotspot in the middle of the North Atlantic that makes it one of the world's leading developers of geothermal power—electricity generated from the heat of the earth's core. Now, as the country battles its way back from a crippling financial crisis, Mr. Grímsson is promoting its geothermal resources as a driving force behind economic recovery. . .View Full Article