While the World Economic Forum’s Global Agenda Council on the Arctic ceased to exist in 2016, the World Economic Forum wanted to see the work on the Arctic Investment Protocol taken forward. The AEC decided to endorse the intent of the Arctic Investment Protocol at its Annual Meeting in 2017, and the Protocol was transferred to the AEC later the same year.
Since then, the AEC has established a Working Group on Investments and Infrastructure to look at organization’s further efforts on the Arctic Investment Protocol. Based on consultations conducted by the Working Group, concrete cases and examples of best practices are deemed very valuable to make the six principles of the Arctic Investment Protocol more tangible. Developing the Arctic Investment Protocol to make it more practically applicable was also one of the recommendations in the analysis “Business Financing in the Arctic” (2018).
The AEC Working Group on Investments and Infrastructure invites stakeholders to provide input and concrete examples of best practices to achieve sustainable investments in the Arctic and elsewhere. These examples will be incorporated to the Arctic Investment Protocol annex listing best practice.