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RIAC FORECAST 2019–2024: ARCTIC 2024

Analytical digest
5 April 2019
Climate forecasts for the Arctic suggest that shipping volumes for the Northern Sea Route in the medium term will hardly exceed current values. By 2030 the navigation period is expected to last for up to nine weeks a year with the maximum concentration of ice in water of 10%, and for another five weeks before and after the main navigation period with the concentration of up to 40%. In the «western» Arctic seas (Barents Sea and Norwegian Sea) the navigation conditions are more favorable even now. In other Arctic seas (Laptev Sea, East Siberian Sea, Chukchi Sea, Baffin Bay, Greenland Sea) the climatic conditions in the foreseeable future will stay harsh.

The political and military situation in the Arctic will remain stable and predictable. However, some circumstances may hinder international cooperation in the region. First and foremost, these circumstances include the issue of defining the limits of the continental shelf in the Arctic Ocean and possible entanglement of the Arctic in the arms race.
It must be noted that the issue of the limits of the continental shelf will hardly be settled in the near future because presentations of the coastal states to the Commission on the Limits of the Continental Shelf take considerable time to be reviewed.

In any case, international cooperation in the Arctic will have to face a test of strength. Due to the specifics of the current political situation, Russia will attach particular importance to the task of preventing the crisis between Russia and the West from having an adverse effect on the Arctic region.

Anlytics on the topic

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Research
28 May 2021
Where to go from here: the race for decarbonization

A study by consulting firm Arthur D. Little explores how energy companies can adapt to the mounting decarbonization agenda.

Research
16 August 2019
Green Industrial Policy: Concept, Policies, Country Experiences

This report, published as part of the Partnership for Action on Green Economy (PAGE), explores various ways to increase the role that industrial policies play in the transition towards green and circular economies and sustainable development.

Research
28 July 2020
Consumers and the new reality: preparing for changing customer needs, behaviors and expectations

The KPMG research is dedicated to online shopping. It describes the trends that emerge while commerce is being shifted online and provides some advices to companies that are looking for the new solutions.

Expert opinion
27 April 2020
An opportunity for tourism in the Russian Arctic

Tourism is one of the sectors most heavily affected by COVID-19. Experts believe that the industry will undergo significant restructuring, with travel abroad giving way to domestic tourism, and trips to places where people don’t gather in large numbers becoming more popular. According to Managing Director of the 21st Century Arctic International Union Valery Korovkin, current circumstances offer a chance to develop a new tourist destination. It is an area that has been discussed for a long time, but which little is currently being done to promote. Arctic tourism is a potentially highly profitable business from the perspective of federal and regional budgets, and has long been successfully exploited by other coastal nations.