The minister of industry has submitted a parliamentary resolution that calls for sweeping energy policy changes in Iceland.
Katrín Júlíusdóttir intends the resolution to focus specifically on energy use in transportation. The idea is to reduce the amount of petro-based fuels being used and increase renewable energy sources, as well as reduce overall energy consumption.
The aim of the resolution, the language reads, is to “support the development of a green economy with sustainability in the spotlight”. It is projected that the idea will reduce greenhouse gas emissions, save money in the budget, increase creativity on the tech front and develop jobs.
Apparently everyone will have a stake in this idea, as it seems the government will be encouraging people to consume less energy, at work and at home. This encouragement may come in the form of economic incentives, e.g., tax breaks for companies who use less power.
If approved, the measure is expected to go into effect May of this year, with the goal of completely turning transportation over to green and renewable fuel sources by 2020.