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A wave of investment

In 2014 the captain and owners of the freighter Nordic Orion made an historic decision: instead of carrying their load of coal from Vancouver, Canada to Finland via the Panama Canal, they headed through Arctic waters for the Northwest Passage. It was the first time a freighter chose the Canadian Arctic route over the Panama route, based entirely on business logic. ALAN ATKISSON says that voyage marks the start of a transformation in the Arctic economy.

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Inuit and the Ice Blue Economy

The World Bank defines the Blue Economy as “the sustainable use of ocean resources for economic growth, improved livelihoods and jobs, and ocean ecosystem health”. OKALIK EEGEESIAK suggests for Inuit, the term Ice Blue Economy would be more appropriate.

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Snow, water, ice and permafrost

The Arctic is warming faster than any other region on Earth and rapidly becoming a wetter, more variable environment. Over the past 50 years, the Arctic’s temperature has risen at a rate more than twice the global average. JANET PAWLAK says these changes affect the Arctic’s role as a regulator of global temperature and its influence on Northern Hemisphere weather; its contribution to sea-level rise; the lifestyles and livelihoods of those who live and work in the Arctic; Arctic marine and terrestrial ecosystems and the habitats of Arctic species.

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