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In both the Nordic countries and the EU, the energy sector (including the transport sector) accounts for the highest share of emissions of greenhouse gases. The exception being Iceland, where the largest share of emissions stems from industrial processes....
Previous to the "Kyoto Protocol" no one ever paid attention to Iceland. Then Kyoto is written and adopted with Iceland having the lowest GHG score on the planet and Alcoa discovered Iceland. Iceland's smelters are proof that Wall Street cares about nothing but profits.
April 23, 2007
By Sarah Edmonds
Reydarfjordar, Iceland - Iceland’s biggest (click here) and newest aluminium smelter, Alcoa Fjardaal, pumped out its first hot metal at the weekend, riling critics who fear it will damage the environment.
The balance between environmental and economic tradeoffs for Iceland’s three existing and three planned smelters have become a major issue in the lead-up to May 12 elections.
On one side are those who fear unchecked industrial growth will harm the land and economy.
On the other are those who say Iceland must bring in such projects to make use of its abundant but unexportable power-generating resources, such as its geothermal and hydroelectric potential.
The issue has given rise to a new green party, the Iceland Movement, whose platform has a single plank: big industry development must stop for five years until the effects of projects like Alcoa’s Fjardaal are clear....