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Consumption of renewable and non-renewable energy by economic sectors 2014-2023

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9/17/2025
Terajoules (TJ)
Hagstofa Íslands
UMH40110
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The term renewable energy is used here for fuel that comes from biological sources (biofuels), as well as for electricity and heat produced within the territory. Since very little electricity and heat in Iceland is produced through combustion of oil products, the approach here is that these are renewable energy sources. More detailed information about the share of oil in energy and heat production can be found in energy statistics elsewhere on Statistics Iceland's data website, for example in the IEA database. The term non-renewable energy is used for energy contained in the combustion or energy use of petroleum, gas and coal and derived products. Thus, for example, the use of asphalt in road construction is included here, although such use under normal circumstances does not result in significant energy release. Information about energy use that results in greenhouse gas emissions is compiled in physical energy flow accounts (PEFA) in the database. --- Different boundaries for energy use --- The boundaries defined for energy use within Iceland's economy differ somewhat from those boundaries used in the National Energy Authority's statistical publications. The National Energy Authority's statistics generally use Iceland's territory as boundaries, and this definition corresponds to the emissions report in the UN National Inventory Report (NIR).
In energy figures for the economy (here), fuel purchases by Icelandic individuals and companies abroad are included - such as tourists, aviation, shipping, and construction activities where transactions are conducted with Icelandic identification numbers. However, this portion is not recorded in territorial accounting. Similarly, purchases by foreign entities (airlines, shipping companies, fishing vessels, foreign tour operators and tourists) are not included in economic-based accounting, but some of these figures are in territorial accounting. -- Consequences of this methodology: - Energy use within the Icelandic economy is higher than the energy use reported within the territory, since the economy extends beyond the territorial boundaries
- The share of renewable energy within the Icelandic economy is lower than the figure that appears in territorial-based accounting