
Go Green
At this year’s COP28, Green by Iceland is coordinating, in close cooperation with the Icelandic Ministry of Environment, Energy and Climate, the participation of the Icelandic business delegation, which comprises eighteen companies from the Icelandic energy, green solutions and innovation sectors.
The companies representing the business delegation are attending COP28 to contribute to the climate dialogue, share Icelandic solutions, expertise and knowledge and explore opportunities for investments, collaboration and partnerships which can help speed up the green energy transition and the path towards carbon neutrality world-wide.
For more information on the delegation, collaboration and partnership opportunities: Contact Us
Read all about the Icelandic companies here
At the COP28, Iceland would like to spotlight the potential of geothermal to the world and technologies in carbon capture utilization and storage

Over 50% of the world’s energy goes toward heating and cooling. The direct use of geothermal presents a compelling opportunity for many countries to accelerate the green transition and gain more energy security using local and sustainable resources. Iceland’s energy model exemplifies how geothermal can be utilized successfully for the most significant impact. Low-temperature geothermal exists in many parts of the world and can be harnessed directly and is ideal for district heating and cooling systems. These systems significantly reduce carbon emissions, stimulate new business opportunities, and contribute to the health and well-being of communities.
Iceland has also evolved the cascading use of geothermal resources and developed unique applications through “circular parks.” Here, one company's waste stream becomes a valuable resource for another.
CCUS will be an essential part of the global toolkit toward a carbon-neutral future. Iceland has been at the forefront of innovation of groundbreaking technologies, enabling industries and countries to offset their carbon emissions much faster and sustainably. In Iceland, carbon is scrubbed from the emission stream, sucked from the atmosphere, and utilized to produce value, such as for food and methanol, and also pumped underground, where the CO2 mineralizes and transforms into rock. Many of these solutions have now been tried and tested already in Iceland and are ready to be scaled up.