Ironically, while the world worries about climate change, global warming is triggering great hopes in Greenland. If the Arctic waters were truly ice-free in the summer in five to 10 years, which would be significantly sooner than previously feared, this could be good for Greenland -- at least economically.
The port of Qaqortoq in southern Greenland. From Der Spiegel.
But with melting ice and increasing global demand for natural resources, Greenland looks set to storm into the global economy. The island stands to become a sort of Arctic Dubai by exploiting tremendous offshore oil reserves, which, in turn, will help accelerate the disappearance of the ice that's holding it back.