Abstract
Iceland and Greenland are endowed with abundant hydropower sources, resulting in energy surplus they cannot export directly, requiring energy wholesale in order to take advantage of the abundant natural resource. The economic objective of this current research implies gaining profit from the resource, without diminishing its principal, and therefore without decreasing its potential future utilization. Of paramount importance is to harmonize fair use of the natural resources with reasonable long-term economic gains. Economic geography studies economic activity location, applying agglomeration economies to describe clustering of industries within regions and countries.
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Kristjánsdóttir, H. (2015). Utilization of Renewable and Sustainable Sources: Macro and Micro Economic Perspectives. In: Sustainable Energy Resources and Economics in Iceland and Greenland. SpringerBriefs in Energy. Springer, Cham. https://doi.org/10.1007/978-3-319-15174-8_3
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DOI: https://doi.org/10.1007/978-3-319-15174-8_3
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