Accounting for disruptive developments in strategic planning of shipping in the Arctic. Background Paper 5/2021.

• Main Authors: Strelkovskii, N., Erokhin, D., Rovenskaya, E.
• Format: Text
• Language: English
• Published: Northern Dimension Institute (NDI), Finland 2021
• Subjects: Arctic
• Online Access: https://pure.iiasa.ac.at/id/eprint/17715/; https://pure.iiasa.ac.at/id/eprint/17715/1/Accounting-for-disruptive-developments.pdf; https://northerndimension.info/ndi-background-paper-5-accounting-for-disruptive-developments-in-strategic-planning-of-shipping-in-the-arctic/

The changing climate gradually opens the way to the Arctic waters for commercial shipping. This requires long-term investments in infrastructure and hence strategic planning of shipping activities both by governments and the global maritime industry to take into account various global and regional factors influencing the economics of shipping. Many of these factors are inherently uncertain and subject to disruptive developments, such as natural disasters or marine accidents. Therefore, such extreme events and disruptive developments should be accounted for when formulating strategic policy documents that will guide the development of shipping in the Arctic.