Characteristics And Development Status of Geothermal Resources in Iceland

Abstract

As Global warming is becoming increasingly severe, decarbonization has become the primary trend in the world. One way to achieve this trend is to use renewable energy resources. Among many kinds of renewable energy, geothermal energy is very neat, and its abundant storage capacity. Also, geothermal resources play a significant role in the energy supply of Iceland. They are utilized both for electricity generation and direct heat application. To this end, this article explains why geothermal energy is abundant in Iceland, and the example of utilization, some advanced technology like drilling technology and power generation technology. In addition, this article introduces the management of geothermal energy like some crucial policies. On this basis, the report concludes Iceland’s experience of a successful transition from using traditional fossil fuels to fully utilizing renewable energy. And the report describes the limitation and future development of geothermal energy.