Iceland
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Environment
Iceland volcano spews lava and smoke for a 2nd day
A volcano in Iceland spewed smoke and lava for a second day on Thursday but winds were anticipated to carry dangerous gas contamination away from the capital Reykjavik, authorities stated. The eruption, the fifth considering that December, was the most powerful in the location given that volcanic systems on the Reykjanes peninsula ended up being active three years earlier after lying dormant for 8 centuries, according to the Icelandic Met Workplace. The town of Grindavik, where only a few people have returned after several homes were ruined by lava earlier this year, was again based on an evacuation order, as
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Power Markets
Iceland to release spot power trading with help of Nord Pool exchange
Icelandic energy exchange Elma will comply with Norwaybased power bourse Nord Pool for the launch of the island nation's very first shortterm physical electricity trading market by 2025, the business stated on Wednesday. The new Elma power market will begin with day-ahead trading in late 2024 or early 2025, followed by intraday trading at a. late stage, the firms stated when signing the cooperation. arrangement. Running an organised power market for the very first time is a. big step forward for Iceland, Nord Pool CEO Tom Darell said in. a declaration. The move will benefit performance, openness, the. provision of