The Green Carpet
Facilitating sustainable investment projects
The government of Iceland is prioritizing sustainability. Consequently investment projects that support the government‘s ambitious climate goals and support sustainable development will enjoy special one-stop-shop facilitation and support by Business Iceland.
To realize this the Ministry of the Environment, Energy and Climate has appointed a high level coordinating body with representatives from key ministries and institutions: Prime Minister's Office, Ministry for Foreign Affairs, Ministry of Culture and Business Affairs, Ministry of Finance and Economic Affairs, Ministry of Food, Agriculture and Fisheries, Ministry of Higher Education, Science and Innovation, Ministry of Infrastructure, Ministry of the Environment, Energy and Climate, the National Planning Agency, Iceland Revenue and Customs, the National Energy Authority, the Icelandic Regional Development Institute, Icelandic Association of Local Authorities and Business Iceland.
Business Iceland is project manager in cooperation with the Ministry of the Environment, Energy and Climate and handles requests for meetings with the relevant ministries/institutions and applications on behalf of projects to become part of the “Green Carpet”.
The key tool to measure the sustainability of projects is mainly based on the European Taxonomy legislation and definitions of what comprises a sustainable economic activity.