Greenland Financial News

Ocean Explorer, a cruise ship with 206 passengers and crew onboard, has run aground in a remote area of Greenland, leading to a potentially lengthy wait for rescue.

climate change is reaching its limit. For six of the past seven years, the tropical Pacific Ocean has been close to or cooler than normal and has been absorbing excess heat from the atmosphere, according to Michael McPhaden, senior scientist at the NOAA’s Pacific Marine Environmental Laboratory in Seattle. Now with a strong El Niño pattern underway in the Pacific, that excess heat is being released to the atmosphere where it is affecting ocean circulation patterns and contributing to the spate of marine heat waves in different parts of the globe, McPhaden said.

Antarctica's iconic symbol, the emperor Penguins is at the risk of 'quasi extinction' due to the abrupt reduction in sea ice. According to a study published Thursday by researchers from the British Antarctic Survey, colonies of emperor penguins failed to breed at a level never seen before in Antarctica. The study predicted that 90% of the emperor penguins “will be quasi-extinct" by the end of the century under the current global warming trajectory.

climate change is getting peppered with new words and phrases. Here’s a handful to mull over: The psychological impact that climate events can have on communities living in trauma and others worried about their future and that of future generations. The American Psychological Association defines eco-anxiety as “an overwhelming sense of fear, sadness, and dread in the face of a warming planet".

Melting glaciers could create new ecosystems covering an area between the size of Nepal and Finland by the year 2100, researchers said. Glacial area outside the Antarctic and Greenland ice sheets could be halved because of human-caused climate change under a high-emissions scenario, they said in a study published in the journal Nature. This glacial melting could cause a rapid ecological shift as novel ecosystems develop to fill emerging new habitat, they wrote. However, analyses of this change at a global scale are lacking, they said. Jean-Baptiste Bosson, from the Conservatory of Natural Areas of Haute-Savoie, France, and colleagues used a global glacier evolution model to examine the predicted twenty-first century trajectory of 650,000 square kilometres (sqkm) of glaciers found outside the Antarctic and Greenland ice sheets. Deglaciation, or glacial retreat, will continue to occur at a similar rate regardless of the climate scenario until 2040, the modelling predicted using glacier outlines, digital elevation models of subglacial terrain and climatic data.

By Clare Jim

Catastrophic effects could be released all over the world if the AMOC collapses. The US, Europe, and other places may see abrupt and severe weather shifts. While coastal towns like Boston and New York might witness a rise in sea level, Europe might experience an ice age. The East Coast may need to prepare for hurricanes and harsher storms. Additionally, across the central and western United States, precipitation and snowfall may be severely reduced. AMOC: A Crucial Climate Co

While Europe has worked hard to close security gaps since Russia invaded Ukraine, a tiny island group in the North Atlantic provides a loophole for Russian ships to fish and dock in its waters and ports, among them vessels accused of spying and sabotage. Western nations are growing increasingly wary of what’s going on in and around the Faroe Islands, a self-governing territory under the Kingdom of Denmark which has a longstanding fishing agreement with Moscow. The agreement lets Russian vessels call at Faroese ports, circumventing a ban from European Union ports.

The race to snatch up Hong Kong retail crypto traders is about to kick off, with several cryptocurrency companies announcing plans to apply for a license come June 1.

Chinese state-owned real estate firm Greenland Holdings has expressed interest in joining Hong Kong's digital assets hub.

A Greenland Holdings subsidiary is applying for a virtual asset trading license in Hong Kong, the South China Morning Post reported. It is the first state-owned Chinese company to do so. 

Denmark looks ready to launch into an experiment with its first left-right coalition government in more than 40 years, after six weeks of intense negotiations following November's parliamentary election.

Voters in Denmark went to the polls a month ago, on 1 November. 

In October, Greenland was reported to be exploring the feasibility of an online voting platform for its national elections. Among the options being considered is a blockchain-based system. 

Danes handed its current prime minister another mandate at the polls Tuesday in what was seen as a vote of confidence in Mette Frederiksen's handling of the pandemic and her ability as a leader to overcome yet another crisis.

Denmark goes to the polls on Tuesday 1 November in a snap general election called seven months ahead of schedule. 

BEIJING — A measure of risk levels for debt in Asia has surpassed its 2009 financial crisis high, thanks to a surge in downgrades of Chinese property developers since late last year, ratings agency Moody's said Wednesday.

Canada and Denmark finally ended their decades-long "war" on Tuesday, fought over flags, whisky and schnapps on an uninhabited island in the high Arctic.

Six indigenous Greenlanders who were sent to mainland Denmark as children as part of a failed social experiment are seeking compensation from the Danish State.

A "first of its kind" alliance of governments has committed to phasing out the production of oil and gas.