Greenland's ice cap, which could raise global sea levels by 23 feet, has been rapidly melting, losing an alarming 270 billion tons of ice annually. This loss is primarily due to insufficient winter snowfall and rising summer temperatures, contributing to a global sea-level rise of a quarter of an inch each year. As Greenland's economy diversifies from traditional fishing industries, its rich rare earth mineral deposits have attracted interest from mining companies, particularly amid geopolitical tensions. An election win for the pro-business Demokraatit Party signals support for accelerating mineral resource development, despite the region's harsh Arctic conditions.
Greenland’s government is signaling it is open to business in the minerals sector, hoping to accelerate development despite challenges posed by its harsh environment.
With enough freshwater to raise sea levels by 23 feet, Greenland's melting ice contributes significantly to global sea level rise while hiding vast mineral wealth.
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