The $1 Trillion Arctic Question

Should we invest in one of the world’s most remote and resource-rich regions? The Arctic has the potential to feed the world with healthy, nutritious seafood, provide the raw materials essential to the sustainable transition, and power societies with both conventional and renewable energy. But unlocking that potential requires closing a massive infrastructure gap. From roads and ports to energy facilities and digital connectivity, more than $1 trillion is estimated to be needed to fully develop the region. Done right, this could create quality jobs, boost local economies, and strengthen Arctic communities. In this panel discussion, we ask: is it worth it? At the table are:Heidar Gudjonsson, CEO of Ursus InvestmentsConstance Chalchat, Chief Sustainability Officer, BNP Paribas CIB & Global MarketsMikki Jensen, Director of South Innovation Greenland This session is moderated by Mads Qvist Frederiksen, Executive Director of the Arctic Economic Council, and was recorded live at the 2024 Arctic Circle Business Forum. Arctic Circle is the largest network of international dialogue and cooperation on the future of the Arctic. It is an open democratic platform with participation from governments, organizations, corporations, universities, think tanks, environmental associations, Indigenous communities, concerned citizens, and others interested in the development of the Arctic and its consequences for the future of the globe. It is a nonprofit and nonpartisan organization. Learn more about Arctic Circle at www.ArcticCircle.org or contact us at secretariat@arcticcircle.org TWITTER: @_Arctic_Circle FACEBOOK: The Arctic Circle INSTAGRAM: arctic_circle_org