Is The Arctic An Emerging Market? Environment Speaker Laurence C. Smith
"Developing the Arctic, though ripe with opportunity, is also fraught with complexity," Smith stresses. "The desire for resource wealth must be tempered by respect for local populations and customs, and for the land itself." There are five key challenges that Smith says must be addressed if we are to invest in the Arctic:
1) Protect the environment and the people living in the Arctic region
2) Address infrastructure concerns in the under-serviced region
3) Establish clear rules for ships navigating dangerous and unpredictable Arctic waters
4) Resolve governance agreements to reduce the uncertainty for policymakers and business interests
5) Increase research about the area including mapping and monitoring programs, satellite observations systems, improved computer modeling, etc.
"The Arctic region will require novel, cooperative solutions to overcome these challenges to sustainable economic development," Smith concludes. "The time to act is now: The resources locked in the Arctic could shift the balance of energy supply and demand in the world in important way."
Laurence C. Smith is the Professor and Chair of Geography and Professor of Earth & Space Sciences at UCLA and author of The World in 2050: Four Forces Shaping Civilization’s Northern Future. In his keynotes, he presents a realistic, but not pessimistic view of our future. He provides audiences with both the challenges and opportunities that lay ahead, and how we can make the most of both. To book Laurence C. Smith as a speaker, contact The Lavin Agency.