MELTING ARCTIC ICE COULD TRANSFORM INTERNATIONAL SHIPPING ROUTES, STUDY FINDS

On 20 June, Brown University in the US published a study which says that melting ice in the Arctic Ocean could yield new trade routes in international waters, reducing the shipping industry’s carbon footprint and weakening Russia’s control over trade routes through the Arctic.  However, Arctic’s changing climate will endanger countless species that thrive in sub-zero temperatures, scientists say.  It is projected that, by 2065, the Arctic’s navigability will increase so greatly that it could yield new trade routes in international waters. 

https://www.brown.edu/news/2022-06-22/arctic

https://www.pnas.org/doi/full/10.1073/pnas.2202720119

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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