Harvard Case - Greenland and the Paris Agreement
"Greenland and the Paris Agreement" Harvard business case study is written by Halla Hrund Logadottir, Katie Segal, Elsennguaq Silassen. It deals with the challenges in the field of Negotiation. The case study is 25 page(s) long and it was first published on : Jan 26, 2021
At Fern Fort University, we recommend Greenland prioritize a strategic alliance with the European Union (EU) to achieve its climate goals and secure economic prosperity while navigating the complex landscape of the Paris Agreement. This alliance should focus on joint ventures in renewable energy development, sustainable infrastructure, and responsible resource management, leveraging the EU's financial resources, technological expertise, and global influence. This approach will require careful negotiation strategies to balance Greenland's autonomy with the EU's interests, ensuring a win-win solution that benefits both parties.
2. Background
This case study examines Greenland's unique position as a self-governing territory within the Kingdom of Denmark, facing a critical decision regarding its future. The melting of the Greenland ice sheet presents both opportunities and challenges. It opens up potential for resource extraction, particularly rare earth minerals, and new shipping routes. However, it also poses significant risks to Greenland's environment and economy, requiring careful risk management and environmental sustainability strategies.
The Paris Agreement, an international commitment to combat climate change, further complicates Greenland's choices. While the agreement offers opportunities for funding and collaboration, it also imposes obligations on Greenland to reduce its carbon footprint, potentially hindering its economic development.
The main protagonists in this case are:
- Greenland: A self-governing territory with a small population and a unique geographical location, facing the challenges of climate change and economic development.
- Denmark: Greenland's sovereign nation, with a vested interest in its territory and its people, but also facing its own challenges in balancing economic interests with environmental concerns.
- The European Union: A powerful economic and political entity with significant resources and expertise in climate change mitigation and sustainable development, seeking to expand its influence in the Arctic region.
3. Analysis of the Case Study
This case study can be analyzed using a framework that considers both political and economic factors.
Political Factors:
- Power dynamics: Greenland's autonomy within the Kingdom of Denmark presents a complex power dynamic, where Greenland seeks to assert its independence while remaining reliant on Denmark for financial support.
- International relations: Greenland's strategic location in the Arctic region makes it a key player in international relations, attracting attention from various actors, including the EU, Russia, and China.
- Government policy and regulation: Greenland's government must navigate the complex web of international agreements, including the Paris Agreement, and develop policies that balance economic development with environmental protection.
Economic Factors:
- Resource management: The potential for resource extraction, particularly rare earth minerals, presents both opportunities and risks, requiring careful asset management and pricing strategies to ensure sustainable exploitation.
- Infrastructure development: The melting ice sheet opens up new shipping routes and opportunities for infrastructure development, requiring significant investment and careful strategic planning.
- Trade: Greenland's strategic location presents opportunities for increased trade with other countries, requiring negotiation of trade agreements and development of a robust supply chain management system.
4. Recommendations
Greenland should pursue a strategic alliance with the European Union, focusing on the following key areas:
- Joint Ventures in Renewable Energy Development: Greenland should collaborate with EU member states to develop renewable energy projects, leveraging the EU's expertise in wind, solar, and hydro power technologies. This will help Greenland achieve its climate goals while reducing its reliance on fossil fuels.
- Sustainable Infrastructure Development: The EU's expertise in sustainable infrastructure development can be leveraged to build resilient infrastructure in Greenland, including transportation networks, energy grids, and communication systems. This will create jobs and boost Greenland's economy while minimizing environmental impact.
- Responsible Resource Management: Greenland should work with the EU to develop responsible resource management plans for its mineral resources, ensuring environmental protection and sustainable exploitation. This will attract foreign investment and promote corporate social responsibility in the mining sector.
5. Basis of Recommendations
These recommendations are based on the following considerations:
- Core competencies and consistency with mission: The EU's expertise in renewable energy, sustainable infrastructure, and resource management aligns with Greenland's goals of achieving environmental sustainability and economic development.
- External customers and internal clients: The EU offers a large market for Greenland's potential exports, while also providing access to its financial resources and technological expertise.
- Competitors: A strategic alliance with the EU will strengthen Greenland's position in the Arctic region, mitigating the influence of other actors like Russia and China.
- Attractiveness - quantitative measures: The EU's financial resources and technological expertise can significantly accelerate Greenland's economic development, creating jobs and increasing GDP.
6. Conclusion
A strategic alliance with the EU offers Greenland the best opportunity to achieve its climate goals and secure economic prosperity. This approach will require careful negotiation strategies to balance Greenland's autonomy with the EU's interests, ensuring a win-win solution that benefits both parties.
7. Discussion
Other alternatives include:
- Maintaining the status quo: This option carries significant risks, as Greenland will struggle to achieve its climate goals and economic development aspirations without external support.
- Pursuing closer ties with Russia or China: This approach could offer economic benefits but carries significant geopolitical risks, potentially undermining Greenland's autonomy and jeopardizing its relationship with the West.
Key assumptions underlying our recommendation:
- The EU is committed to supporting Greenland's sustainable development.
- Greenland is willing to compromise on its autonomy to secure the benefits of a strategic alliance.
- The EU and Greenland can successfully navigate the complex political and economic challenges associated with this partnership.
8. Next Steps
To implement this recommendation, Greenland should:
- Initiate negotiations with the EU: This should involve high-level delegations from both sides to discuss the terms of a strategic alliance.
- Develop a joint working group: This group should include experts from both Greenland and the EU to develop specific projects and initiatives.
- Secure funding and resources: Greenland should seek funding from the EU and other international organizations to support its sustainable development efforts.
- Implement the agreed-upon projects: This will require close collaboration between Greenland and the EU, ensuring effective project management and communication.
This timeline should be flexible, adapting to the evolving political and economic landscape. By taking these steps, Greenland can position itself for a sustainable and prosperous future while contributing to the global effort to combat climate change.
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Case Description
Explores the tradeoffs between climate change action and economic development from the perspective of Greenland, a self-governing territory of Denmark. Greenland lacks autonomous decision-making authority in several key international fora, including the United Nations international climate negotiations. The Paris Agreement was a milestone in international climate negotiations, and an important step towards limiting global greenhouse gas emissions. Greenland, as part of wealthy Denmark, would be considered under the Paris Agreement obligations of the European Union and Denmark. The central conflict explored in this case is whether Greenland should participate in the Paris Agreement or request a territorial exclusion from Denmark. The Paris Agreement was widely accepted by the international community, with signatories ranging from the wealthiest nations to the least-developed nations. However, countries are not equally responsible for historical emissions. With a population of approximately 56,000 (90% indigenous Inuit), Greenland has contributed a negligible amount of historic emissions, but is experiencing disproportionate impacts from climate change, including rapid melting of its ice sheet. During the case, Greenland is in the process of nation building. Greenland's economy historically has been dependent on fisheries, but with climate change transforming the landscape, Greenland has an opportunity to pursue economic development by tapping into its abundant natural resources, including minerals, oil, and gas, or developing other sectors like tourism. This development is seen as the key to Greenland's economic growth and ultimate independence from Denmark. Many in Greenland's government are concerned that joining the Paris Agreement would limit Greenland's ability to achieve economic growth and independence. Others were in favor of participating in the Paris Agreement to demonstrate Greenland's active participation in global efforts against climate change.
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