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
No region on the planet is experiencing more dramatic climate change than the Arctic. In recent years, this has resulted in melting glaciers, rapid ecosystem changes, diminishing sea ice, and changes in the atmospheric circulation and ocean properties. Ocean temperatures are increasing due to global warming. In a business-as-usual scenario for greenhouse gas emissions, temperatures may increase by 8-10 degrees Celsius. Even in the most optimistic scenario for cutting greenhouse gas emissions, the Arctic will warm several degrees and fundamentally change as we know it today.
Apr 11, 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
The emergence of the Arctic as a region of political and economic opportunity adds a new dimension to U.S.-China relations. Despite divergent priorities in the region, there are opportunities for greater cooperation. Both countries experience the physical challenges of climate change while investing in scientific research to gain a better understanding of a transforming Arctic. They both also seek cooperation through the Arctic Council and the International Maritime Organization to promote governance in the region. For these reasons, among others, the United States and China should create a more purposeful dialogue on a range of Arctic issues. U.S.-Sino Relations in the Arctic: A Roadmap for Future Cooperation is the result of fruitful exchanges between American and Chinese experts who addressed a range of issues: the future of Arctic governance, geopolitical factors shaping the Arctic’s future, international maritime issues in the Central Arctic Ocean, future trends in sustainable Arctic development, and new bilateral scientific research initiatives in the Arctic. Through frank and candid exchanges, this report aims to lay the foundation of strong bilateral cooperation between the United States and China in the Arctic.
Feb 1, 2017