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Economic Development in the Arctic Stalls Amid Political Challenges and Climate Limits

share-iconMonday, January 06 comment-icon2 weeks ago 11 views
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Economic Development in the Arctic Stalls Amid Political Challenges and Climate Limits

Credited from: BBC

  • The Arctic's economic development has significantly slowed, influenced by international relations and challenging environmental conditions.
  • Fisherman Sondre Alnes-Bonesmo faces extreme weather and long shifts aboard the Granit, a large factory trawler operating despite winter darkness.
  • The “cold rush” for Arctic resources intensified around 2008, but enthusiasm has waned following geopolitical tensions, especially post-Ukraine invasion.
  • Both Norway and Russia have halted many planned projects, leading to reduced activity in the region and increased conservation efforts.
  • Trump's interest in Greenland and potential exploration in Alaska contrasts with local authorities' claims that Greenland is not for sale.

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Gloria Terra

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