In the area you have selected (Iceland) tsunami hazard is classified as low according to the information that is currently available. This means that there is more than a 2% chance of a potentially-damaging tsunami occurring in the next 50 years. Based on this information, the impact of tsunami may be considered in different phases of the project for any activities located near the coast. Project planning decisions, project design, and construction methods may want to take into account the level of tsunami hazard. Further detailed information should be obtained to adequately account for the level of hazard.
Climate change impact: The areas at risk of tsunami will increase as global mean sea level rises. According to the IPCC (2013), global mean sea level rise depends on a variety of factors, and estimates for 2100 range from ~20 cm to nearly 1 m. However, regional changes in sea level are difficult to predict. Projects in low-lying coastal areas such as deltas, or in island states should be designed to be robust to projected increases in global sea level.
For further information the following resources could be consulted: