Statistics Iceland
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Consumption of renewable and non-renewable energy by economic sectors 2014-2021

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9/11/2023
Terajoules (TJ)
UMH40110
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Here the term 'Renewable energy' is used for fuels that comes from biological sources (bio-fuels), but also for electricity and heat produced on the territory.
A very small fraction of electricity and heat in Iceland is produced by burning petroleum products, and therefore THE APPROXIMATION here is that this is a renewable energy source.
More detailed information on the share of oil and heat production can be found in energy statistics elsewhere on the Icelandic Statistics Office's data website, for example, in the IEA database The term 'non-renewable energy' is used for energy contained in the combustion or non-energy use of petroleum, gas and coal and derived products.
Thus, as an example, the use of asphalt in road construction is included here, but this use in normal conditions does not result in a large release of energy.
Information on energy use that results in greenhouse gas emissions is compiled in alternative energy flow accounts (PEFA) on the database. The boundaries defined for economy-wide use of energy within Iceland's economy is slightly different than the boundary definitions used in the publications from the Icelandic Energy Agency (Orkustofnun).
Statistics produced by Orkustofnun most commonly considers the energy consumption within the territory of Iceland, which is identical to emission reporting in the UN - National Inventory Report (NIR).
In the economy-wide energy figures (here) fuel purchases by Icelandic individuals and companies abroad (tourists, aviation, shipping and construction, where transactions are carried using an Icelandic ID number are) included, but this part is not reported in territorial accounting.
Furthermore, purchases of non-national individuals and companies (airlines, shipping companies, fishing vessels, foreign tour operators and tourists) are not included in the economy-wide reporting, but some of those figures are recorded in the territorial accounting. This means that the energy consumption of within the Icelandic economy is HIGHER than the energy consuption reported within the territory (the economy extends outsides the territory).
Another consequence is that the percentage of renewable energy within the Icelandic economy is LOWER than the number that appears in the territorial accounting.