Feb. 28, 2013 - Icelandic President Olafur Ragnar Grimsson said developing a clean energy economy is good insurance against financial turmoil.
Iceland's banking system collapsed in 2008 at the onset of a global financial crisis still troubling European economies. The World Bank said gross domestic product in Iceland declined 4 percent in 2010 but recovered to a 2.6 percent growth rate the following year.
Grimsson told the Organization for Economic Cooperation and Development in Paris that Iceland's economy was a testing ground for new economic models.
"The development of a clean energy economy is a good insurance policy against long-term difficulties, which inevitably will continue to follow the financial crises of the future," he said. read more>>>