Futures of shipping in the Arctic until 2050
The Arctic sea ice is melting with the magnitude and pace of warming being more than twice than the world average. This increases the potential of global trade to cross the Arctic Ocean. Currently, the Arctic does not have the required infrastructure, and investments into the region are limited. It...
| Main Authors: | , , |
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| Format: | Conference Object |
| Language: | English |
| Published: |
2022
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| Subjects: | |
| Online Access: | https://pure.iiasa.ac.at/id/eprint/18222/ https://pure.iiasa.ac.at/id/eprint/18222/1/3.%20Presentation.pdf |
| Summary: | The Arctic sea ice is melting with the magnitude and pace of warming being more than twice than the world average. This increases the potential of global trade to cross the Arctic Ocean. Currently, the Arctic does not have the required infrastructure, and investments into the region are limited. It was estimated that US$1 trillion would need to be invested in the Arctic infrastructure over the next 15 years. These developments imply long planning periods, e.g., it may take more than 10 years to build a brand-new icebreaker. Thus, it is of utmost importance to understand what will be shipped, at what risk, at what cost, and by whom and to whom. Whether raw materials and minerals extraction, fisheries, tourism, transport of manufactured goods, or some other type of activity will prevail on the Arctic routes will determine the kind of infrastructure needed. Will it be shipping from Shanghai all the way down to Rotterdam? Or are these supposed to be short voyages calling at different harbors? Working through these issues with the elaboration of potential scenarios is decisive for evaluating infrastructural investment decisions. Is it economics or geopolitics that will mainly drive the Arctic development? Will it be a kind of economic landscape in which countries compete or collaborate? To help decision-makers deal with this high level of uncertainty in the Arctic, we have launched the “Emerging trade routes between Europe and Asia” scenario building project. In this work, we present the resulting alternative narratives describing plausible futures of shipping in the Arctic until 2050: (i) Arctic as a Global Resource Base, (ii) Arctic as a Global Transportation Route, (iii) Arctic as an Abandoned Land, (iv) Arctic as a Sanctuary, and (v) Arctic as a Shortcut. These cross-scale consistent plausible narratives have been co-created together with representatives of policy, business, and academic communities and correspond to different possible volumes of Arctic shipping: high volume of destination and low volume of ... |
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