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Iceland Could Develop “Energy Fund”

Published November 30, 2012

Iceland could develop an “energy fund” comparable to the revenue Norway has gained through oil.
The notion that Iceland could make use of its abundant hydropower and geothermal resources to export electricity is not a new one. Last April, UK energy minister Charles Hendry told reporters at the time that “We will be dependent on imported energy”, and that the undersea cables providing the UK with electricity “are an absolutely critical part of energy security and for low carbon energy.” He signed a willingness agreement with Iceland to that effect.
Last June, Odd Håkon Hoelsæter, the former director of Norwegian power company Statnett – which oversees and maintains the power cable between Norway and Holland – told attendees at an Arion Banki conference that the Iceland-UK cable idea was viable.
With these prospects and possibly others in the near future, RÚV reports, Hörður Arnarson – the director of the national power company Landsvirkjun – believes that Iceland could develop an “energy fund” comparable to Norway’s oil fund.
This would mean possibly raising energy rates, but also depositing some or most of the revenue from energy exports into the national treasury, to be used at the discretion of the government.
For the moment, Iceland’s energy export plans are still in the beginning stages of implementation.



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Police Fail To Withhold Names And Identities

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110 Earthquakes In 24 Hours

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Vísir reports that, during 24 hours from Friday morning to early Saturday, 110 earthquakes were measured in and around Bárðarbunga. Seven of those measured at or over magnitude 4 on the Richter-scale. The biggest in the series was of magnitude 5.2 shortly before two o’clock Saturday morning. Bárðarbunga has been in eruption for close to two months now, or since August 29th. Twenty minor earthquakes were measured around mount Herðubreið, none over magnitude 2.

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Gas Pollution Blows West on Saturday, East on Sunday

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The Met Office predicts volcanic gas pollution around the Western, North-Western and South-Western coasts and inlands on Saturday. On Sunday gas pollution is expected on the Southern-East coast and inlands. The Met Office has introduced an online interactive visualizer of its gas pollution forecast model. The Met Office warns that this model is still in development and that predicted levels of SO2 output are imprecise.

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Pasha’s 4th Day on Hunger Strike

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Today, Adam Ibrahim Pasha concludes the fourth day of his hunger strike, which commenced Tuesday. The hunger strike is in protest of the Directorate of Immigration’s (UTL’s) recent decision not to review his application for asylum. Pasha says he will rather die than be deported. Earlier today, he said he felt weak and in need of hospital care. Social services will supposedly visit him today, but at the time of this writing it remained unclear if they would be accompanied by a doctor. [Update:] Pasha was visited by social services today, as well as medical staff, which arrived by ambulance.

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Blacked Out Street Lights For Better View Of Northern Lights

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An employee of a travel service recently extinguished all street lighting by Kleppjárnsreykir, in the inlands of Borgarfjörður, by aiming a flashlight at their light-sensor controller. Apparently he did this to give a group of tourists a clearer view of the northern lights at play. According to Skessuhorn, a local news medium, this created great danger for the people who stood on the road to observe the sky, insufficiently visible to drivers, in the dark. Police authorities in Borgarfjörður received a complaint about the incident. The rhapsodic tourist guide told police that he had taken care that the travellers did

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