Who owns the Arctic and what exactly is so important about it? As climate change leads to the further melting of Arctic ice, countries are scrambling to stake their economic claim in the region. We examine these claims, explore what is driving the claims in the first place, and give some considerations in regards to the future of the earth’s “last frontier.”
The economic and social impact of climate change has become increasingly evident in the past few years. According to the World Economic Forum, the four biggest risks facing the world are failing to adapt to climate change, human-made environmental damage, biodiversity and ecosystem loss, and natural disasters—all related to and caused by climate change.