Tag "Arctic Circle"
Risk Factors for Svalbard Conflict between Russia and Norway
The unique provisions of the Treaty of Svalbard, NATO ambiguity on the status of Svalbard, and mounting geopolitical tensions between Russia and Norway signify a realistic probability of outright violation of Norwegian sovereignty over Svalbard in the medium to long-term.
Risk to Arctic Energy Exploration
Arctic Exploration remains an exciting prospect for many in the energy sector. According to estimates, the Arctic could be one of the greatest untapped reserves of energy resources in the world. However exciting the proposition of tapping these resources may seem, it is an extremely expensive proposition.
Chinese Activity in the Arctic
Growing US concerns over Chinese involvement in Arctic affairs have raised tensions between the two states. Although detrimental to mutual trust, it is unlikely that economic activity in the Arctic Circle will be disrupted in the near future as China currently seeks to avoid securitization of the region.
Ukraine crisis hurts Arctic relations
Western sanctions spell serious disruptions for petroleum exploration in the Arctic, and threaten to undo decades of work to foster cross-border trade and relations in northern Norway. The crisis in
Northeast Passage to revolutionize global shipping
Developing the Northeast Passage could revitalize Arctic regions, allow the shipping industry to bypass politically unstable areas and reduce travel costs and carbon emissions. But the project is dependent on
