Competition hots up for the Arctic’s frozen assets

An oil exploration rig in Arctic waters (photo: dpa)
An oil exploration rig in Arctic waters (photo: dpa)

Global warming is changing the environment in the Arctic and has brought hopes of a 21st century gold rush for the potential wealth of energy and mineral resources there. Even China, with no territorial interests at stake, is now an observer member of the Arctic Council, the body which deals with the region’s affairs. The geopolitics in the High North are shifting and the impact on Arctic states such as Greenland and Iceland will be significant.

A NEW ‘Great Game’ is evolving in the Arctic Circle. In the decade ahead, Greenland and Iceland will be at the centre of a strategic competition, in which the United States, Canada, China, Russia, and Europe will be seeking more influence, par...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment