Net-Zero Transition

The coronavirus pandemic has brought about the most severe economic downturn the world has seen in recent years. However, this crisis is an unprecedented opportunity for a shift that will propel the world towards sustainable living. Isolated and challenged by a harsh climate and battered by the financial crisis in 2008, Iceland has successfully transformed its economy. In a few decades, the country moved away from fossil fuels and shifted to 100% electricity production from renewable sources. This transition nurtured an ecosystem of innovation and entrepreneurship that grew profitable businesses with a minimal impact on the environment. Thus, Iceland has become a global leader in technologies that foster clean energy and emission reduction. This small nation indicates plenty of possible ways to tackle the global climate crisis and lead the transition to a net-zero sustainable future.