A reality check is needed on Arctic shipping
Trade,China,Russia,International Shipping,Global Economy,Water And Oceans
From the Center
AllSides Media Bias Rating: Center
There is plenty of hype around business potential in the Arctic and how new shipping routes will change global trade patterns.
About a third of the world's undiscovered gas and an eighth of its oil lie in the far north. And abundant hydropower and geothermal energy in countries from Norway and Sweden to Iceland and Greenland mean it is the perfect place to position data centres and other electricity-hungry industries.
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