Losses and damages related to urban flooding and storms are likely to increase due to climate change. The insurance industry can potentially play a key role in climate change adaptation by contributing to the understanding of risks associated with climate change. By sharing data on the location of insurance claims associated with extreme rainfall or storms, the insurance industry can enable better-informed adaptation planning and risk management.

Iceland has 100% renewable electricity and heat system due to its abundant hydro- and geothermal resources. Despite the clear dominance of geothermal resources for house heating, hydropower plays an important role in Iceland’s energy mix, enabling Iceland’s electricity generation to be 100% renewable with 73% coming from hydro; 27% from geothermal and less than 0.01% from wind. The biggest hydroelectric power stations in Iceland are fed by glacial rivers.