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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