NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Factbox-Will Iceland volcano affect flights, what damage could be caused?

Published 19/12/2023, 10:59
© Reuters. A volcano spews lava and smoke as it erupts in Grindavik, Iceland, December 18, 2023.  Civil Protection of Iceland/Handout via REUTERS /File Photo
META
-

STOCKHOLM (Reuters) - A volcano erupted late on Monday on Iceland's Reykjanes peninsula, spewing lava and smoke across a wide area after weeks of intense earthquake activity.

Below is some detail about what impact the earthquake could have, and on previous eruptions in Iceland:

ICELAND VOLCANO LOCATION

- Geologists said early on Tuesday that lava appeared to be flowing away from the coastal Grindavik, which is the only town in the area and located 40 km (25 miles) southwest of capital Reykjavik

- Grindavik's 4,000 inhabitants were evacuated in November as a precaution after days of seismic activity, and roads in the area are closed.

- The volcano is located about 30 km from Reykjavik. Keflavik international airport is somewhat nearer and closer still is the Blue Lagoon, a renowned geothermal spa popular with tourists visiting Iceland. The Blue Lagoon has been mostly closed since the current seismic activity was detected.

- There are five to six different volcanic systems on the Reykjanes peninsula, said Halldor Geirson, an associate professor at the Institute of Earth Sciences, University of Iceland

- Monday's eruption is part of the Svartsengi volcanic system, which is different from the nearby Fagradalsfjall that erupted in 2021 and 2022

WILL ICELAND WEATHER AFFECT POLLUTION RISK?

- The eruption is taking place on a fissure that was last active about 2,000 years ago

- Lava flows had decreased from 200-250 cubic meters per second in the first two hours of the eruption to around a quarter of that on Tuesday morning

- It is normal for fissure eruptions to subside after an initial burst, but it could still go on "for some time", Geirson said

- The crack that opened up in the earth's surface was about 4 km long, with its southern end some 3 km from Grindavik, Iceland's Meteorological Office said

- If the eruption maintains the current intensity, it will produce significant air pollution, volcanology researchers at the University of Iceland said on Facebook (NASDAQ:META)

- "The good news is that the wind is northwesterly and according to the forecast it will stay northerly for the next few days. Hence the eruption plume is likely to be blown away from inhabited areas," the researchers said

WILL THERE BE AN ASH CLOUD LIKE EYAFJALLAJOKULL ERUPTION?

- Located between the Eurasian and the North American tectonic plates, among the largest on the planet, Iceland is a seismic and volcanic hot spot as the two plates move in opposite directions

- The eruption late on Monday is the fourth on Reykjanes in recent years and largest in the area since 2021

- In 2021, volcanic activity in the area continued for six months, prompting thousands of Icelanders and tourists to visit the scene

- In August 2022, a three-week eruption happened in the same area, followed by another in July 2023

© Reuters. A volcano spews lava and smoke as it erupts in Grindavik, Iceland, December 18, 2023.  Civil Protection of Iceland/Handout via REUTERS /File Photo

- In 2010, ash clouds from eruptions at the Eyafjallajokull volcano in the south of Iceland spread over large parts of Europe, grounding some 100,000 flights in Europe and beyond, and forcing hundreds of Icelanders to evacuate their homes

- Unlike Eyafjallajokull, the Reykjanes volcano systems are not trapped under glaciers and are thus not expected to cause similar ash clouds

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.