[ccebook.cn]The World in 2010

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The Americas Greenland, the new bonanza Nov 13th 2009 Hoping to become Arctic oil barons Reuters Greenlanders are assuming more powers of self-government from Denmark, after the Danes ceded control in 2009. In 2010, and beyond, the government of the ice-clad island will take control of domestic affairs. Yet full independence remains elusive. That depends on being weaned off generous Danish subsidies worth over $11,000 a year for each of the 57,000 or so Greenlanders. The government in Nuuk, the capital, is bursting with ideas of how to get the economy running. One scheme is hydropower. The huge Greenland ice cap, some 3km (nearly 2 miles) deep in places, may threaten the rest of the world as it melts and so raises the sea level, but for locals it offers a bonanza: torrents of melt-water to spin turbines. The government wants hydro to supply 80% or more of Greenland’s power. Cheap and clean energy, plus a cool climate, could then lure investors. Alcoa is considering whether to put an aluminium smelter in southern Greenland. Google, or other internet firms running hot and energy-hungry servers, may be attracted to the big cool rock in the north Atlantic. As Greenland’s ice retreats, other economic activity will flourish. Miners are prospecting newly revealed rock for gold, rubies, diamonds and more. A bigger economic prize would be if long-promised deposits of oil and gas were found offshore. Disappearing sea ice is making that task easier. Expectations are high—oil has long been known to seep onshore. In 2007 the United States Geological Survey concluded that at least a few billion barrels of oil, as well as trillions of cubic feet of gas, are probably waiting to be found off Greenland’s east and west coasts. The government is encouraging exploration: 13 licences have been issued so far to large companies, such as ExxonMobil, that are scouring over 137,000 square kilometres (53,000 square miles) of the sea for the sweetest spot to drill. In 2008 the firms produced “very positive” seismic data from Baffin Bay, says the government, and exploration drills will be sunk in the coming year or so. The civil servant in charge of hydrocarbons in Nuuk is confident that one will succeed. To make a discovery more likely soon, another round of licensing will take place in 2010. Striking a big deposit would cheer Greenlanders and it could be helpful for the geopolitics of Europe. Europe’s increasing dependence on Russia for energy makes it harder for politicians to stand up to threatening -39-
ehaviour from the east. It would not hurt if an alternative supply of hydrocarbons were available from a friendly, democratic country to the west. As for ties with Denmark, here is a longer-term prediction: a declaration of full independence for Greenland in 2021—the 300th anniversary of the date that is generally accepted to mark the beginning of Danish colonial rule. Oil riches, naturally, would lubricate the process. Adam Roberts: online news editor, The Economist Copyright © 2009 The Economist Newspaper and The Economist Group. All rights reserved. -40-
Page 2 and 3: Search Economist.com Welcome shiyi1
Page 4 and 5: From the editor Nov 13th 2009 The g
Page 6 and 7: Leaders The hard slog ahead Nov 13t
Page 8 and 9: Leaders Now for the long term Nov 1
Page 10 and 11: Leaders Europe's chance Nov 13th 20
Page 12 and 13: Leaders Not so fast Nov 13th 2009 R
Page 14 and 15: Leaders Chill, China Nov 13th 2009
Page 16 and 17: Leaders Smart states Nov 13th 2009
Page 18 and 19: Leaders Wanted: green engineers Nov
Page 20 and 21: Leaders More than a number Nov 13th
Page 22 and 23: United States Mr Obama's unpromisin
Page 24 and 25: United States Square-root reversal
Page 26 and 27: United States The Fed's next battle
Page 28 and 29: much of the asylum. Voters pass, fo
Page 30 and 31: Augustus. In America, the taxation
Page 32 and 33: Ms Rhee is reviled by many of those
Page 34 and 35: United States All the news that's f
Page 36 and 37: The Americas After Lula Nov 13th 20
Page 38 and 39: The Americas Bolívar's continent N
Page 40 and 41: The Americas Canada's northern goal
Page 44 and 45: The Americas Sí, se puede Nov 13th
Page 46 and 47: Asia Bring on the new generation No
Page 48 and 49: Asia Political football Nov 13th 20
Page 50 and 51: Asia The cautious leap forward Nov
Page 52 and 53: Asia Peak labour Nov 13th 2009 Chin
Page 54 and 55: Asia The dragon still roars Nov 13t
Page 56 and 57: Asia An imperfect storm Nov 13th 20
Page 58 and 59: Asia Worryingly fragile Nov 13th 20
Page 60 and 61: Asia A grim prospect Nov 13th 2009
Page 62 and 63: Then there is the symbolic Kevin Ru
Page 64 and 65: this is accompanied by rising Islam
Page 66 and 67: To some of his critics, Mr Netanyah
Page 68 and 69: doomed sooner or later to fizzle, t
Page 70 and 71: and its surrounding Nineveh provinc
Page 72 and 73: (plastic trumpets). So Africa’s m
Page 74 and 75: Somalia would be little noticed wer
Page 76 and 77: slide backwards. Global financial i
Page 78 and 79: in June and South Korea in November
Page 80 and 81: Copyright © 2009 The Economist New
Page 82 and 83: As for rewriting nuclear rules, som
Page 84 and 85: affluent countries will have reserv
Page 90 and 91: International Delayed explosion Nov
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International Where survival is at
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Europe More than a museum? Nov 13th
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Europe Europe isn't working Nov 13t
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Europe Chameleon Bonaparte Nov 13th
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Europe Beyond the crisis Nov 13th 2
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Europe The eternal leader? Nov 13th
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Europe Coolissimo Nov 13th 2009 The
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Europe Changing the colours Nov 13t
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the centre-stage of unification, wh
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price would point to stagnation, a
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too: so long as the pipeline route
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Fearful of a public backlash, the g
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unexpected leaders of economic grow
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country feels better by the time th
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But even with help from a recoverin
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interrupted recoveries, largely bec
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Britain On yer bikes Nov 13th 2009
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Britain A history lesson Nov 13th 2
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y far. But over-stretched American
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Business The plot thickens Nov 13th
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Business Can e-readers save newspap
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them an opportunity to opt out from
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Business Big SIS is watching you No
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Business Leadership in the informat
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Business Generically challenged Nov
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Business The end of the affair Nov
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Business Asia's green-tech rivals N
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Business Rethinking the car industr
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Finance In the wake of a crisis Nov
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Finance Blow, then burst Nov 13th 2
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Finance Looking for a way out Nov 1
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Copyright © 2009 The Economist New
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Asia now accounts for five of the w
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days of easy pickings for hedge fun
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means that banks will take losses o
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liquefied natural gas (LNG). So int
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Policies to support supply-side ref
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Ocean Acoustic Waveguide Remote Sen
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A company called Arcadia Bioscience
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Science The looming crisis in human
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Science The coming alternatives Nov
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Science Where have all the sunspots
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to service the space station. The p
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making running repairs. The shuttle
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