 Solution

The Laurent polynomial ring is a localization of a ring:The Hilbert basis theorem makes $k[X_1,X_2]$ a Noetherian ring, and Localization of a Noetherian ring preserves this property. Thus $\boxed{R\text{ is Noetherian}}$.

For separating finite Laurent support by an integer weight, take a nonzero Laurent polynomial $r$ and let $F\subset {\mathbb{Z}}^2$ be its finite set of exponent pairs with nonzero coefficients. Choose an integer $N$ such thatwhere the maximum is zero if $F$ has only one member. Set $(a_1,a_2)=(1,N)$. If $m_1+N{m}_2=m_1^{\prime }+N{m}_2^{\prime }$, thenso $m_2=m_2^{\prime }$ and then $m_1=m_1^{\prime }$. Consequently all powers of $T$ in ${\theta }_{(1,N)}(r)$ are distinct. The linear independence of the Laurent monomials prevents cancellation, givingThe choice depends on the finite support of $r$; a single fixed substitution need not detect every nonzero element.

For Noetherianity of subalgebras of a one-variable Laurent polynomial ring, let $A$ be a unital $k$-subalgebra of $k[T,T^{-1}]$. If $A=k$, it is already a Noetherian ring. Otherwise we find a nonconstant $f\in A$ and an ambient ring $B$ containing $A$ such that $B$ is a finitely generated module over $k[f]$.

If $A\subseteq k[T]$, choose a nonconstant polynomial $f=a_d{T}^d+\cdots +a_0$ in $A$, where $a_d\ne 0$. Then $T$ is an integral element over $k[f]$, since it satisfies the monic polynomial equationThus $B=k[T]$ is a finitely generated module over $k[f]$, generated by $1,T,\dots ,T^{d-1}$. The case $A\subseteq k[T^{-1}]$ is identical after replacing $T$ by $T^{-1}$.

In the remaining case $A$ is contained in neither of these two polynomial rings. There is an element with a positive exponent and an element with a negative exponent. If either already has both, use it as $f$. Otherwise their sum has both, since the positive powers of the first and the negative powers of the second cannot cancel. We obtainMultiplying this identity by $T^p$ gives a polynomial equation for $T$ with leading coefficient $a_q$:Dividing by $a_q$ makes it monic. Similarly, multiplication by $T^{-q}$ gives a monic equation for $T^{-1}$ after division by $a_{-p}$. Both generators are therefore integral elements over $k[f]$, so $B=k[T,T^{-1}]$ is a finitely generated module over $k[f]$.

In all three cases $k[f]$ is a Noetherian ring, as a quotient of a one-variable polynomial ring. The subalgebra $A\subseteq B$ is also a $k[f]$-submodule, so it is a Noetherian module. Every ideal of $A$ is a $k[f]$-submodule of $A$ and is therefore finitely generated over $k[f]$, hence over $A$. This proves

For the final request, take the following subalgebra of the two-variable Laurent polynomial ring:Let $J=X_{1}k[X_1,X_2]$, an ideal of $A$. We haveas $k$-vector spaces. In particular, the classes of $X_1{X}_2^j$, for $j\ge 0$, are linearly independent. If $J$ had finitely many generators as an $A$-module, their classes would span $J/J^2$ over $A/J=k$, contradicting its infinite dimension. Hence $J$ is not finitely generated and $A$ is not a Noetherian ring. This illustrates why the preceding result is special to one Laurent variable.