Arctic Yearbook 2015 - Page 18

18 Arctic Yearbook 2015 combat the limitations imposed by a lack of economies of scale. Reducing dependence on external transfers will likely become more difficult as the globe shifts to a non-hydrocarbon based energy paradigm, an important source of local revenues in Alaska, northern Norway and the Russian Arctic especially. Greenland is making the most protracted efforts to become wholly independent, of Denmark, but a total break seems unlikely in the foreseeable future, as commodity prices slacken. Finally, the innovative governance arrangements that extended around the Arctic can be said to have benefited from a lack of path dependency – few historical insti