Iceland's Foreign Policy in Implementing Green Investment for Renewable Energy Development

Abstract

The neutralization of carbon emissions by 2040 is one of Iceland's targets, so it issued a foreign policy to
invest in the field of Green Investment to countries that have great potential in geothermal energy. Iceland
has invested in several countries such as Ethiopia, Japan, the United States, and also Indonesia. The
purpose of this study is to analyze Iceland's foreign policy in implementing Green Investment for
renewable energy development. This paper uses a qualitative research method with a literature study
approach. Data is obtained from documents, such as journal articles, official websites, and data from the
internet. The results of this study show that Iceland's foreign policy is related to green investment to
achieve the target of carbon emission neutralization by 2040. Investment to countries that have the
potential to develop renewable energy, one of which is Indonesia. The form of investment provided in the
form of cooperation in the form of funds and technology to develop renewable energy in the field of
geothermal energy, and send Indonesian experts to take education and training of renewable energy
experts in the field of Geothermal in Iceland.