Iceland Attracts New Business With Clean Energy
Fishing has long been a vital industry in Iceland. It’s so imprinted on the national psyche that it’s hard to find anyone untouched by it among the tiny population of 320,000. Even Foreign Minister Össur Skarpherdinsson likes to say, “I consider myself to be an old fisherman.”
Skarpherdinsson now hopes his angling skills will come in handy as he and Iceland cast about for something decidedly different from the customary haul of smelt, herring, cod, mackerel, and other creatures.
The North Atlantic island is trying to reel foreign industry on to its shores to prop up an economy still recovering from the 2008 banking collapse. For bait, it is dangling what no other country in the world can—100 percent renewable electricity.
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