Document type Report Date March 2014 WHERE CAN DEVELOPMENT COME FROM? POTENTIALS AND PITFALLS IN GREENLAND’S ECONOMIC SECTORS TOWARDS 2025 WHERE CAN DEVELOPMENT COME FROM? POTENTIALS AND PITFALLS IN GREENLAND’S ECONOMIC SECTORS TOWARDS 2025 Where can development come from? Potentials and pitfalls in Greenland’s economic sectors towards 2025 This analysis has been carried out by Rambøll Management Consulting in the period September 2013 to February 2014. The contact person at Rambøll Management Consulting: Group Director Sustainable Society - Henrik Rosenberg Seiding (
[email protected]). www.ramboll.dk The report has been written for Greenpeace Nordic and was made possible thanks to funds from the Swedish Postcode Lottery. The contents of the report do not necessarily reflect the views of Greenpeace. The report can be downloaded at www.greenpeace.org/denmark/da/press/rapporter-og- dokumenter/ It is published in Danish and English, March 2014. Cover page photograph by Ivars Silis. Rambøll Hannemanns Allé 53 DK-2300 København S T +45 5161 1000 F +45 5161 1001 www.ramboll.dk CONTENTS 1. SUMMARY 1 2. Introduction 5 2.1 Focus of this report 5 3. Greenland’s economic challenges 8 3.1 Composition of public finances 9 3.2 Public finances in the red 9 4. Status and potential of economic sectors 12 4.1 Fisheries 14 4.2 Mining and energy-intensive industry 27 4.3 Tourism 41 4.4 Agriculture 54 4.5 Seal products 58 5. Other sectors – possible future prospects 61 5.1 Server cooling 61 5.2 Energy export 61 5.3 Further industrial processing of raw materials 62 6.