Icelandic plans for a resource fee on tourism will help bring the industry under control and safeguard the country’s nature while the government is shifting its focus to industries creating higher value, according to the nation’s prime minister.
Iceland's Prime Minister aims to reduce the country's reliance on tourism by introducing a resource fee to control the industry and protect natural resources. The government is also focusing on developing higher-value industries. Tourism growth, which resumed after the pandemic-induced halt, has led to concerns about over-tourism and strain on infrastructure, healthcare, and housing. The government is still finalizing the details of the resource fee plan, which was part of their platform after the November snap elections.
