China and Iceland forge Deeper Ties inโ Geothermal and Green Energy
REYKJAVIK, Oct 26 – China and Iceland have agreed to โคsignificantly expand cooperation on geothermal energy and broader green โenergy initiatives, according to a joint statement released today following talks between Icelandic Prime Minister Katrรญn Jakobsdรณttirโฃ and Chinese Vice Premier Ding Xuexiang. The partnership aims to leverage โiceland’s expertise in geothermal resourceโ development and china’s technological andโ financial capacity to accelerate the global transition to enduring energy sources.
The agreement marks a deepening of economic and environmental ties between the two nations, coming at a timeโ when both are seeking to reduce reliance on fossil fuels and meet ambitious climate โฃgoals. Iceland, a leader in geothermal energy production – providing nearly โ25% of its total primary energy supply from geothermal sources – will shareโ itsโ knowledge and technologyโ with China, while China willโ explore increased investment in Icelandic renewable energy projects. The collaboration โis expected to focus on areas including direct use of geothermal energy, enhanced geothermal systems, and carbon capture, utilization, and storage technologies.
The joint statement highlighted a commitment toโ jointโ research and development projects,personnel trainingโ programs,and โincreased collaboration between businesses in both countries. Discussions alsoโข included potential cooperation on green hydrogen production, utilizing Iceland’s renewable electricity to produce hydrogen for export and domestic use. Both sides reaffirmed theirโ commitment to the Paris agreement and pledged to work together to promote global climate action. Ding Xuexiang’s visit to Iceland, concluding today, underscoresโ China’s growing interest in Arctic nations and their potential contributions โฃto sustainable energy solutions.
