On October 16-18, over 1,800 people from 50 countries met in Reykjavik, Iceland, to attend the – now annual – Arctic Circleconference (this year even included a pep rally for December’s UN climate summit in Paris, led by François Hollande, the French president, himself). One major theme of the conference this year focused on critical Arctic infrastructure and how to finance such development.
The Guggenheim Group, an investment firm, that is partnering to a degree with the Global Agenda Council on the Arctic (GACA) under the World Economic Forum (best known for its annual meeting bringing together businesspeople and world leaders) has set out to create an Arctic Investment Protocol, an Inventory of Arctic Infrastructure and, ultimately, possibly create an Arctic Investment Bank.
At Arctic Circle, Guggenheim put together a number of workshops in which it stated that it wanted “to know more” and that it wanted “to learn more” about the Arctic. In that spirit, I hope these thoughts contribute to sparking a broader conversation amongst Guggenheim and any others who wish to endeavour to “chart a course ahead” by investing in the Arctic. Given the academic I am, let’s just call this a seminar style conversation about ‘Who Owns the Arctic 101: Property Rights above 60°. For the full article click here
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