A more structured partnership between Iceland, Greenland and the Faroe Islands could meaningfully increase their strategic relevance in dealings with Europe. By coordinating policy and economic priorities, the three North Atlantic players may be better positioned to influence discussions around resources, energy systems, maritime access and Arctic development.
The case for closer alignment has strengthened in recent years. Europe’s need for secure supply chains—particularly for critical raw materials—has intensified, while the Arctic is emerging as a region of growing economic and geopolitical importance. At the same time, technological change and the shift toward renewable energy are reshaping how countries compete and collaborate. In this environment, scale matters—and cooperation can compensate for small size.
Each of the three territories brings a different strategic advantage. Greenland is increasingly viewed as a key source of minerals required for batteries, electronics and renewable technologies. Iceland stands out for its renewable energy capacity and technical know-how, offering a model for sustainable infrastructure. The Faroe Islands contribute a highly advanced fisheries sector and operational expertise in ocean-based industries.
If these strengths were coordinated, the result could be more than the sum of their parts. A joint framework could improve negotiating outcomes in trade, attract larger and more stable investment flows, and support deeper collaboration in research and industrial development. It would also allow the region to present a clearer and more consistent position in dialogue with the European Union.
The underlying principle is straightforward: cooperation can enhance leverage. For Iceland, Greenland and the Faroe Islands, a more unified approach could help translate geographic position and natural assets into greater long-term influence within Europe’s evolving economic and political landscape.
