Policy brief #8/2016
The decline in global oil prices that began in the summer of 2014 carries with it a number of risks in assembling a whole range of major oil and gas projects, including shale gas extraction projects, deep-water offshore projects and projects in the Arctic shelf.
In these conditions, despite the ongoing surplus of global oil production in relation to consumption, the question nevertheless arises: how can we maintain current production levels in the medium and long-term and ensure...
... and the UK (0.9 per cent)
[9]
. 80 per cent of Greenland’s imports come from Denmark. The budget of Greenland is formed mainly by revenues from seafood exports and tourism and is largely dependent on subsidies allocated by the authorities of Denmark.
Greenlanders are pinning their hopes for gaining independence on the rich natural resources of the island, its adjacent shelf and the water area. According to United States Geological Survey, Denmark estimates the hydrocarbon reserves of Greenland to ...
... object of declared steps is Greenland: safeguarding its economic growth, protection of its environment and surrounding waters, promotion of the socio-economic development of indigenous population. Such an approach seems to be justified because it is Greenland that is the "window" of Denmark to the Arctic, a factor that makes it possible to rank the Kingdom as an Arctic state.
Denmark’s strategy covers the following main areas of its activities:
Ensuring a peaceful, secure and safe Arctic (supremacy of international law, strengthening ...
