CICERO - Center for International Climate Research

Arctic economies within the Arctic nations

Solveig Glomsrød, Taoyuan Wei, Ryan Macdonald, L Lindholt, Scott Goldsmith, Thorolfur Matthiasson

At a first glance the Arctic seems frozen and firm but recent years have shown that the climate as well as the economies are in a dynamic mode. There is damage to infrastructure as permafrost is thawing but also prospects of harvesting potential for renewable energy and better communication. International markets want high quality seafood from clean waters and emerging energy intensive industry knocks on the doors of cool regions. Climate change and climate policy have started to change the Arctic. This chapter focuses on the economic structure and development within the arctic regions. Most of the economies are based on resource export. When looking at the price indices of fish, minerals, and energy in Figures 4.1 and 4.2 there is reason to reflect on how these world market conditions have affected the arctic regions during the last years. However, new activities have increased their footprint in the economic statistics, e.g. wind energy and datacenters.

More details

  • Year: 2021
  • Language: English