US Side:

• Make Hazard Mitigation a Higher Priority
• Political effort to create new US Funding opportunities
• Proposed "Natural Hazard Instiutute" at Columbia
• to connect science & policy research

Icelandic Side:

• Encourage Icelandic Scientists to Lead Projects outside of Iceland
• Changes in Funding Practices
• Changes in perceived "Mission" of Labs

Together:

• Put Some Teeth into Agreements With US NSF
• rapid response plan for major events
• preferred access to US facility pools
• Joint Icelandic/US Observatory
• funded as a facility, not a short-term project
• Instrumentation not people
• building upon the success of the Meterological Office's SIL Seismic Array
• not like the Nordic Volcano Observatory
• Better mechanism for small grants to fund long-term collaboration