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Economist Abroad: Iceland is a climate-tech hub
Notes from the land of ice and fire: Iceland is a model in terms of the accountability of its politicians.
Written by Mike O'Sullivan, Chief Economist
November 15, 2024
Moonfare’s Chief Economist, Mike O’Sullivan, is travelling the world to bring you insights into each country’s unique economic landscape. His analysis covers macroeconomic trends, local market dynamics and implications for private investors.
Follow Mike right here on the Moonfare blog or through our LinkedIn account as he explores financial hubs around the world. Read also his previous note from London.
Macro Environment
Iceland's economy is strong, having been one of the few countries to effectively 'go it alone' in terms of recovering from the global financial crisis — it is also a model in terms of the accountability of its politicians.
Economist’s Observations
This is a must visit as it is rare to find a country so dominated by its geography and geothermics. The risk is that you might find a live volcano like we did, but we also recommend the hot springs.
Private Markets in Iceland
From a private equity and venture point of view the country is seeing a lot of food, health and climate tech activity — notably in terms of renewable energy. We visited the pioneering ClimeWorks installation — the first and still only direct carbon extraction site on the planet.
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Authors
Chief Economist
Mike O'Sullivan, Chief Economist
Mike is a Chief Economist and Senior Advisor at Moonfare. He has twenty years’ experience in global financial markets, most recently as CIO in the International Wealth Management Division of Credit Suisse. He was also a member of Harvest Innovation Advisory, a senior adviser at WestExec and a board member of the Jane Goodall Legacy Foundation. He has taught finance and economics at Oxford and Princeton, while regularly contributing to numerous journals and media outlets, including Forbes and CNBC. Mike studied in Cork and received MPhil and DPhil degrees at Balliol College, Oxford as a Rhodes Scholar.
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