Green Growth
Description of the action and objectives
Green Deal action
We aim to become carbon neutral by 2030. This involves challenges that require creative solutions that benefit Reykjavík, Iceland and the entire world. We need to ensure we seize the opportunities that arise. The City wants to encourage and support green innovation projects, accelerators and knowledge centers, strengthen the circular system by planning an eco-industrial park at Álfsnes, reduce greenhouse gas emissions across all sectors of the city's economy, and increase job opportunities near sustainable transportation.
Implementation period
Planned completion in the second half of 2024
Status report on July 1, 2024
Reykjavík City supports Hringiða, a business accelerator aimed at highlighting, strengthening and supporting early-stage innovation projects based on circular economy principles and sustainability. Reykjavík City has a representative in the steering group, provides mentoring, and additionally, Þórdís Lóa Þórhallsdóttir, President of City Council, delivered a presentation to the country's key investors on the final day of Hringiða in May 2024.
Work continued on Green Housing of the Future projects, where Reykjavík City provided economic incentives for green housing development, with the groundbreaking ceremony held at Frakkastígur 1. Procurement for framework planning and development plan for an eco-industrial park at Álfsnes was prepared.
Preparation for the first Climate City Contract took place during summer 2024. Related to this, actions and participation from external parties are expected, including businesses, Section B – corporations and institutions. Dialogue and consultation with these stakeholders took place during the first half of 2024.
Older status reports
| Timing | Progress description | |
| July 2024 |
Reykjavík City supports Hringiða, a business accelerator aimed at highlighting, strengthening and supporting early-stage innovation projects based on circular economy principles and sustainability. Reykjavík City has a representative in the steering group, provides mentoring, and additionally, Þórdís Lóa Þórhallsdóttir, President of City Council, delivered a presentation to the country's key investors on the final day of Hringiða in May 2024. Work continued on Green Housing of the Future projects, where Reykjavík City provided economic incentives for green housing development, with the groundbreaking ceremony held at Frakkastígur 1. Procurement for framework planning and development plan for an eco-industrial park at Álfsnes was prepared. Preparation for the first Climate City Contract took place during summer 2024. Related to this, actions and participation from external parties are expected, including businesses, Section B – corporations and institutions. Dialogue and consultation with these stakeholders took place during the first half of 2024. |
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Reykjavík City departments:
Related actions
Economic objectives
- 1. Responsible financial management | Green Deal The City's Financial Policy is based on sustainability, stability, predictability, and transparency.
- 2. Dense and mixed development | Green Deal Denser, mixed housing with neighborhood sustainability at its core.
- 3. New employment opportunities of the future | Green Deal Future job opportunities will be based on knowledge, innovation, and sustainability.
- 4. A favorable environment for business and innovation | Green Deal Good land use, diverse economy, and premises for all types of companies of all sizes.