Despite this, wherever the mining effect is, there is the potential of leaks. There is also a lot of noise: in particular, ships fill the ocean around Greenland, which can stress and confuse fish and marine mammals, such as drugs, seals and whales. In the case of vocalization of species, this may interfere with their communication.
There is also a lot of economically and politically here: fisheries is the dominant Greenland industry, accounting 95 percent from the export of the island. The extraction of scarce lands is therefore the art of an island, which diversifies its economy, which can facilitate her repel the subsidies it receives from the Danish government. That in turn he can facilitate him Win independence.
Until now, the mining activity was somewhat rocky in Greenland. In 2021, the government Forbidden uranium miningDetention of project development by Australian minerals, which would also produce scarce soil in this place. (Greenland minerals did not respond to many requests for commentary on this story.) A company connected to China now he is suing The Greenland government for $ 11 billion-thoroughly frighten other potential potential potential customers, and investors were already worried about the profitability of mining for scarce lands in the far north.
“When we talk to them, they understand the situation and are not afraid,” said Hammeken-Holm. He added that Greenland conducts dialogue with the extraction of costumes about the challenges and exploration prospects. “It is difficult to get private finances for these projects, but we are not alone,” he said. “It’s a situation around the world.”
Growing demand And geopolitical enthusiasm around scarce lands can make Greenland irresistibly for mining companies, regardless of logistics challenges. Hammeken-Holm claims that a sedate discovery, like a particularly wealthy deposit of a given Infrequent Earth element, can be an additional reinforcement that the country must transform into the necessary supplier of critical minerals.
Both Exner-Pirot from MacDonald-Laurier Institute and Lajeuness, an expert on public policy, claim that Western powers can reach a point where they aggressively intervene on the market. Just like the scarce lands, USA, Canada, Australia or the European Union sponsored by the state contained in strategic partnership with Greenland in 2023 in order to develop critical raw materials – Might Band Together to guarantee a constant flow of minerals that enable newfangled army, consumerism and energy transition. For example, subsidies would facilitate make the industry more profitable – and tasty for investors. “You would have to accept that you are buying and developing minerals more than the market price,” said Lajenese. “But in the long term it is about the development of security security.”
Already a land of quick climate change, Greenland may soon become richer – and stronger on the world stage. Tons after the tone, its disappearing ice will reveal more mineral solutions for misfortunes in the world.