Trade: Too Early To Tell

By Victoria Herrmann

Victoria Herrmann is the Director of the Arctic Institute.

As the ice continues to melt at the top of the world, climate change is altering more than global weather patterns.

The opening up of Arctic waters as summer sea ice continues a thirty-year retreat trend could cut a third off distances between North-West Europe and the Far East. With the UN Panel on climate change predicting a nearly ice-free Arctic Ocean in September before 2050, there is an expectation that the patterns of world trade are poised to go polar.

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