Arctic Yearbook 2014 - Page 336

336 Arctic Yearbook 2014   Future Challenges and Opportunities It is likely that the level of industrial activities related to natural resource and energy development is going to increase in the future (Naalakkersuisut 2014). In recent years these activities have increased steadily, which are likely to continue now that a construction permit has been granted to the London Mining project on iron ore and the ban on uranium mining has been lifted, freeing the way for other large mining projects (RT 2013). In the meantime, the oil and gas industry is continuing its exploration activities and is likely to continue doing so in the future (Naalakkersuisut 2014). However, when these activities will take place exactly is not certain, and currently the industry tends to take longer before large investments in the Arctic region are decided upon. Therefore one of the challenges for Greenland will be to educate its workforce at the right time with the right skills. In general one can state that the expected increased industrial activities form an opportunity for Greenland to diversify its economy and maximise the local benefits. However, both the mining and the oil and gas industries require skilled labour with the right qualifications to work on their projects. In order for Greenland to maximise its local benefits of these industries, the main challenge will be to increase the level of (highly) skilled workforce that has acquired the right set of skills for these industries. A recent study however has indicated that the shortage of a highly educated workforce will continue to grow in the near future and last until at least 2025 (European Commission 2013). Various initiatives, mainly revolving around the Building School, School of Minerals and Petroleum and Centre for Arctic Technology in Sisimiut, have been taken to increase the level of skilled workers for these industries so that the Greenlandic society will be ready to take the employment opportunities when they arrive. Without having a critical mass of human capital in place, Greenland will not be able to maximise the local benefits and successfully create a knowledge-based X