Greenland ice core project Greenland ice core project The Greenland Ice Core Project (GRIP) was a multinational European research project, organized through the European Science Foundation. Funding came from 8 nations (Belgium, Denmark, France, Germany, Iceland, Italy, Switzerland, and United Kingdom), and from the European Union. The project ran from 1989 to 1995, with drilling seasons from 1990 to 1992. GRIP successfully drilled a 3029-metre ice core to the bed of the Greenland ice sheet at Summit, Central Greenland from 1989 to 1992 at . Studies of isotopes and various atmospheric constituents in the core have revealed a detailed record of climatic variations reaching
Greenland a tight fiscal policy since the late 1980s, which has helped create surpluses in the public budget and low inflation. Since 1990, Greenland has registered a foreign-trade deficit following the closure of the last remaining lead and zinc mine that year. More recently, new sources of ruby in Greenland have been discovered, promising to bring new industry and a new export from the country. (See Gemstone industry in Greenland). Air transportation exists both within Greenland and between the island and other nations. There is also scheduled boat traffic, but the long distances lead to long travel times and low frequency.