Re: Iceland to become first hydrogen economy.
Iceland with its numerous geothermal vents has decided to use this energy ... ...
Well, virtually all of its electricity and heating comes from hydroelectric power and the geo-thermal water reserves since decades, and in 2001 they already made the decission you quote.
I don't know, if there was anything about this in the news recently, but what in Iceland now is done, is this:
But this remote island nation is now planning to test another natural resource - its basalt rocks - to see if they can be used to safely bury carbon dioxide gas emissions before they harm the atmosphere. And if the experiment works, it also could prove useful in much bigger countries that also have basalt, such as the United States, India, Brazil and Russia.
To answer your question: no, I don't think so.