What is the concept of Arctic resource extraction?

Arctic Politics Questions



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What is the concept of Arctic resource extraction?

The concept of Arctic resource extraction refers to the process of extracting natural resources, such as oil, gas, minerals, and fish, from the Arctic region. It involves the exploration, development, and production of these resources, which are found in the Arctic's land, sea, and subsea areas. Arctic resource extraction is of significant interest due to the region's vast untapped resources and the potential economic benefits it can bring. However, it also raises concerns about environmental impacts, indigenous rights, and the overall sustainability of resource exploitation in the fragile Arctic ecosystem.