Economics not Environmentalism Will Drive Arctic Development
VADUZ, Liechtenstein, November 1, 2013 /PRNewswire/ –
The Arctic is an area of vast undeveloped wilderness. But that could be about to
change as the eight nations which have territory in the region assess how they can
overcome the challenges of inhospitable territory to enable them to tap into its massive
resources of oil, gas and minerals, according to Dr James Jay Carafano, a leading expert
in American national security and foreign policy at the Heritage Foundation, US.
Economic development, which looks like becoming a reality in the not too distant
future, will almost certainly take precedence over the environmental lobby, he writes in
World Review [http://www.worldreview.info ].
‘In the past, those advocating more human activity in the Arctic and those advocating
placing a priority on climate change and environmental protection could accommodate one
another because development in the polar region was growing at a modest pace,’ he says.
‘However, the scale and speed of economic activity in the Arctic could accelerate
rapidly in the near term. Global consensus on a climate change agenda, on the other hand,
is not gaining momentum.’
Advocates for polar activities often discuss the need to deal with climate change and
attempts to minimise the impact of commercial activity on the fragile Arctic environment
in the same sentence, he says. ‘But the reality is that the issues are at odds with one
Large private sector capital will be required to build the infrastructure necessary to
support the increased activity, he adds. Nations are scrambling for investors.
‘The more favoured model seems to be to encourage business-to-business partnerships
under the umbrella of public-private cooperation, which could all give due deference to
environmental and local concerns, such as involving indigenous peoples in development
planning,’ he says.
Ultimately, competition will spur more development and infrastructure construction,
fostering innovation and lowering costs.
Read the full World Review report here.
About the Author
World Review [http://www.worldreview.info ] author Dr James Jay Carafano is a leading
expert in America’s national security and foreign policy challenges, is the
Washington-based Heritage Foundation’s vice president for foreign and defence policy
studies and director of the Kathryn and Shelby Cullom Davis Institute for International
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SOURCE World Review