helping hand
Von der Leyen heads to Greenland as EU seeks materials for green transition | Greenland | The Guardianhttps://www.theguardian.com/world/2024/mar/14/von-der-leyen-greenland-office-eu-green-transitionShe said the minerals agreement is about “benefits on both sides”. Greenland needs bilateral cooperation to develop its mineral sector, she said, which requires significant capital and long-term investment.
“Development of mines, exports of minerals is of course an important issue for the diversification of the Greenlandic economy,” she said. While fishing, the current top source of income, is not expected to be overtaken for many years, the tourism and minerals sectors are important focuses for growth.
“If the western world wants sustainable diversified secure value chains, some of these minerals will need to come from countries that are smaller, like Greenland. We don’t have the economic muscles to invest ourselves in the mineral sector,” she said.
In order to enable the green transition, a “helping hand” from larger economies would be needed, she added.