Greenland has huge resources of metals known as ‘rare earths,’ key components for powering wind turbines and electric vehicles. Warming temperatures are melting away ice sheets, making these riches more accessible.
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International Economics: IB Economics
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A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by
Graham Watson
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Global warming and renewable energy are placing Greenland's resources at risk - with rare earth metals increasingly accessible and two companies proposing to invest in mines on the island.
It's a blessing - in the sense that it might prop up Greenland's economy but it might also restrict access to hunting lands, and, also generate pollution.
A lovely example of the complexity of Economics: on balance, is this a good thing?