“The capital, Reykjavik, about the time I was born was every day under a black cloud from the smoke from the coal fires,” said Olafur Ragnar Grimsson, 74, Iceland’s former president, during a 2016 speech. “This transformation into the leading example in the world in a clean energy economy came from a country which, perhaps, had the greatest odds against it.”

​

Like most nations pursuing rapid development, Iceland relied on coal to grow its economy following World War II. And, like other growing countries, Iceland suffered from polluted air as a result.

 

Now today, almost all electricity in Iceland is produced using renewable energy sources, with 73% of electricity provided by hydropower plants and 26.8% from geothermal energy.  Iceland has set goal of becoming the first country in the world to be independent of fossil fuels and polluting resources by 2050.

​

It is through this inspiration that Mattur Foundation™ draws its name, as the Icelandic word for 'energy' is máttur.

​

The mission of Mattur Foundation™ is to promote education and provide direct resource investment that progresses the ideals of resource management.