Iceland's Minister of Foreign Affairs, Gudlaugur Thor Thórdarson, and the European Commissioner for Climate Action and Energy, Miguel Arias Cañete, reached a joint understanding, on 20 March, on the application of the EU's Third Energy Package, taking into account the unique situation in Iceland as concerns renewable energy and energy markets.
They noted that Iceland's participation in the European Economic Area (EEA) has been highly beneficial for Icelandic citizens and for the EU....