The polar regions are an important zone for China’s emergence as a global power. China has long-term strategic interests in the Arctic and economic interests are part of the reason why China is drawn to be active there, though not the sole factor. There has been a lot of international debate and media coverage of China’s economic interests in the Arctic; however, relative to the government’s strategic agenda, China’s major companies have been slow to take up the opportunities available to them in the polar regions and are still relatively weak in polar equipment and expertise.
May 9, 2017
The Arctic has a particular appeal for Russian national consciousness – and is duly prioritized by Russia’s ambitious and unambiguously authoritarian leadership. President Vladimir Putin is personally committed to advancing Russia’s interests in the High North and has recently confirmed his unwavering engagement at the “Arctic – Territory of Dialogue” conference in Arkhangelsk. Richness in natural resources, particularly natural gas and oil, is a key part of this appeal and a major focus of this priority. But Russia’s Arctic dreams will eventually collide with a harsh reality: Arctic reserve estimates and the assessments of their accessibility are seriously exaggerated.
Apr 25, 2017
The world’s awareness of petroleum resources in the Arctic soared in 2008 after an assessment from the United States Geological Survey indicated that 12.3 percent of global undiscovered oil resources and 32 percent of gas resources could be found there. The analysis was widely misinterpreted to reflect offshore reserves and created the perception of a huge untapped potential that was becoming more accessible because of the ice melt. It resonated strongly in China, which worried about soaring energy needs and over-dependence on the Middle East.
Apr 18, 2017
Last month, Arctic sea ice extent reached a maximum of 5.57 million square miles – a record low. As the Arctic region rapidly transforms due to dramatic climate impacts, new economic opportunities and environmental challenges present themselves across the region. How realistic are these economic opportunities, and what factors will drive or delay future economic development?
Apr 5, 2017
A new link in the North-South Transport Corridor connecting Russia, Iran, and India could have far-reaching implications for economic patterns between Europe and Asia.
Mar 14, 2017