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  1. Iceland is the first country in the world to create an economy generated through industries fueled by renewable energy, and there is still a large amount of untapped hydroelectric energy in Iceland. In 2002 it was estimated that Iceland only generated 17% of the total harnessable hydroelectric energy in the country.

  2. For example, Iceland's abundant geothermal energy has enabled renewable energy initiatives, such as Carbon Recycling International's carbon dioxide to methanol fuel process. By 2019, the use of coal and gas to produce electricity has been eliminated and oil use is .01%.

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