What is the concept of Arctic resource management frameworks?

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What is the concept of Arctic resource management frameworks?

The concept of Arctic resource management frameworks refers to the various agreements, policies, and regulations put in place by Arctic nations to govern the sustainable and responsible management of resources in the Arctic region. These frameworks aim to balance economic development and resource extraction with environmental protection and the preservation of indigenous rights and cultures. They address issues such as oil and gas exploration, fisheries management, shipping regulations, and the protection of biodiversity in the Arctic. The goal is to ensure that resource extraction and development activities in the Arctic are conducted in a manner that minimizes negative impacts on the environment and local communities while promoting long-term sustainability.