Nordic Investment Bank: Arctic needs action, not just words

[caption id="attachment_15025" align="alignleft" width="200"] Jukka Ahonen, Nordic Investment Bank[/caption] When the Nordic Investment Bank (NIB) was established 45 years ago, the idea was to create a pan-Nordic financial institution which…

Meet AEC HQ´s Senior advisors

The AEC HQ has two senior advisors from two Arctic states; Russia and Norway. Based in Tromsø, Norway, they operate across time zones with the over 40 members of the…

Arctic through the historical lens of a female artist

The Arctic is commonly portrayed as a region of snowy mountains, northern lights, and thawing glaciers. The actual picture, however, is more nuanced. There are four million people living, studying,…

Invest in Arctic solutions for global green transformation

Column by Mads Qvist Frederiksen, Director of Arctic Economic Council The Arctic is a unique place to do business. The region spans from Alaska in the USA, over Canada, Greenland,…

Map of the Russian Arctic shows investment opportunities

In 2022, the Russian Far East and Arctic Development Corporation (Development Corporation) has launched an interactive map, where one can select a land site for the investment project in the…

A small, isolated village in Arctic Canada becomes a green energy producer

Old Crow is a small village in Yukon Territory, with a population of only 250 people. With no road connection and being off the electricity grid, it is a truly…

Geopolitical tensions and ambitions not to develop the Arctic are the main challenges to the sustainable development of the region

In January 2022, the Arctic Economic Council (AEC) members answered in a survey that the ambition to keep the Arctic untouched, geopolitical tensions, and lack of investments are some of…

Energy company from Northern Norway Troms Kraft on sustainable development in the Arctic

Did you know that some of the world's first hydropower plants were built in Arctic Norway? In Senja, an island in Northern Norway, a hydropower plant was commissioned in 1882 …

The Aleutians to benefit as the Arctic maritime transportation intensifies

The Aleutian Archipelago is a 1,200-mile island chain sitting on the border of the North Pacific Ocean and the Bering Sea. Even though the Aleutian Islands might seem like a…

We need to agree how to measure sustainable economic development, says Rosatom’s Chief Sustainability Officer

Sustainable development has become a growing trend in Russian industry in recent years. Back in 2014, most Russian directors did not consider the impact of climate change on their business.…

LKAB, Rosatom and Equinor on hydrogen development in the Arctic

On the 8th of October, the Arctic Economic Council (AEC), MEDEF International, France's most active business association at an international level, together with the Hydrogen Task Force, hosted a joint…

Signing MoU on Sustainable Development in the Arctic

The Arctic Parliamentarians and the Arctic Economic Council took a new step towards consolidating a partnership working towards sustainable human and economic development in the Arctic, when they signed a…

Lecture: Facilitating Sustainable Economic Development

Arctic Economic Council (AEC) is happy to share a video lecture on Sustainable economic development in the Arctic prepared for the 7th Korea Arctic Academy.  The online course was hosted…

Tara Sweeney, first chair, on the establishment of the AEC

BYLINE:  Tara Sweeney served as the chair of the Arctic Economic Council from 2015-2017 under the U.S. chairmanship rotation.  She is served as U.S. Assistant Secretary for Indian Affairs at…

7 Years Anniversary

Seven years ago on 2nd September 2014  the founding meeting of the Arctic Economic Council took place in Iqaluit, Nunavut, Canada. A year later the AEC HQ was opened by …

PPPs and infrastructure development in the Arctic.

On 25th of August the Arctic Economic Council (AEC) hosted a hybrid roundtable discussion on public-private partnership (PPP) in the Arctic.  Infrastructure development such as roads, air- and seaports, broadband…

Winds of Change

By Mads Qvist Frederiksen, the Director of the Arctic Economic Council “They can’t take the wind away from us” said the mayor of Berlevåg when I met him – and…

Roundtable: Public-Private partnerships in the Arctic

In frames of the Russian AEC Chairmanship Russian Far East and Arctic Development Corporation in partnership with Squire Patton Boggs are hosting a Roundtable discussion on Implementation of PPP-based Infrastructure…

A 130-year-old LKAB invests 30-40 billion euro in Arctic innovations to transform global steelmaking into a carbon-free industry.

LKAB is Europe’s largest iron-ore producer with production facilities in Northern Sweden. It specialises in extracting iron ore and processing it into pellets using coal and oil-powered pellet plants. In…

AEC members and Senior Arctic Official meet at SPIEF

On 3rd of June the Arctic Economic Council (AEC) members Novatek, Rosatom, MegaFon, Sovcomflot, GazpromNeft, along with Sýn (Vodafone), Aleut International Association and RAIPON gathered at the St. Petersburg International…