Arctic Trade Advantage

 The evil of climate change is well known to every man by now, either through the news or the effects seen them. But countries have now started to now look at the advantages of Climate Change for their own economic advantage. 

The new Cold War between the West and the Russia-China axis hardly gets colder than the Arctic, which recent events show has emerged as a new battleground of geostrategic competition.

In the joint statement by China and Russia — released just weeks before Russia’s invasion of Ukraine — was a pledge for the duo to intensify the development of the Arctic, a region rapidly opening up to economic exploitation thanks to global warming. The two also committed to strengthening cooperation on the development and use of Arctic routes.

Controversies Attached: The Arctic is well considered an oil and energy powerhouse, and Russia, which controls more than 50% of the coastline, is now looking to exploit it. China, on the other hand, is looking for much shorter trade routes from the Arctic to the Americas and Europe, reducing the costs by 50-80%.


Earlier this year, Denmark, which is an Arctic power thanks to its Greenland territory, issued its first assessment of Chinese and Russian espionage and influence activities in the area.

Problems attached: The Biden administration has opposed drilling in the Arctic, and along with many European nations has focused on clean energy over the long haul. So it’s unclear what sort of economic interests the democracies might pursue in the region.

Pursuing scientific research in the Arctic, along with similar efforts in the Antarctic, deep-sea beds and in space, is an important element in Xi Jinping’s broader push into advanced technologies and moving China up the industrial value chain.

What's in it for you - The hard-hitting points are that countries aren't trying to stop what is a global problem, but rather get the advantage of the fact. Moreover, it is highly unlikely that the fuel gained to any country in the arctic will be of any use due to the gaining popularity of EVs.

Source Links :

Joint statement

Military Presence of Russia in the Arctic

Polar Silk Route for China

Denmark's assessment of the involvement

China's investment according to NATO

In case of complaints or suggestions:

Email: thetabloid24@gmail.com

Twitter

YouTube



Comments

Post a Comment

Popular posts from this blog

The need for divesifiaction in imports

Image
Topic: International Trade  What is in it for you:  Of the 6,000 plant species humans have eaten over time, the world now mostly eats nine, of which just three —  rice, wheat, and maize —  provide 50% of all calories . The cheaper the food gets, and the lower the imports from the government, the dependence on the above-mentioned crops rises and given with it the dependence on a few select countries . In addition to that, people now have diets with more fats and carbohydrates, and fewer nutrients.  Effects:  The UN estimates soaring costs will push 71 million people globally below the poverty line .  Global crop yields could fall about 30% because of climate change, while food demand is expected to jump 50% in the coming decades, according to United Nations estimates. New opportunities and Future insights:  It will be a long road for any of these initiatives to make a notable difference against the trend for homogenization the industrialized supply chain promotes.  Both the current
Read more

Saudi-US Tensions Simmer

Image
A dispute over oil risks causing irreparable harm to US relations with Saudi Arabia, a crucial partner for Washington in the Middle East. Causes: Nearly two weeks on from a decision by OPEC+ to cut oil production, tensions are escalating. White House National Security Adviser Jake Sullivan fired the most recent salvo, saying the US would consider changes to the security and military support it provides Riyadh. “The president isn’t going to act precipitously,” Sullivan said on Sunday to CNN. Biden will “take his time to consult with members of both parties put over oil risks causing irreparable harm to US relations with Saudi Arabia, a crucial partner for Washington in the Middle East. Effects: In response, officials across the Middle East have denied the supply decrease was politically motivated or a reflection of support for Russia following its invasion of Ukraine. Saudi Defense Minister Khalid Bin Salman said the decision was “due to purely economic reasons,” while ministers from
Read more

The Winter is Coming

The Oil and gas from Russia are exceptionally essential for serving the winter in Europe. After all, even Hitler succumbed to it.  Causes -  The diesel which is used for generating electricity is now available in historically low amounts in North-Western Europe, so much so that by this November, an energy crisis, including blackouts and lack of fuel and electricity for large-scale industries is extremely essential. Adding to his discussion is the large-scale drying up of the Rhine (river in Germany), which supplies and transports all the diesel in Europe. The forecast of this news is so gloomy, that this river which controls trades over 80 billion USD will stop. Effects - Adding to this the already food shortages in Europe due to the war, the survival of the poorest will be challenging in the coming months. The signs of relief from the Western Superpower are low because they are themselves dealing with extreme inflation (CPI peaked at 0.2% in June).  What is in it for you - Well in mac
Read more