Arctic Consensus will, in cooperation with Kommuneqarfik Sermersooq, host a breakout session at this year’s Arctic Circle Assembly.

The purpose of the session is to shed light on the specific challenges and opportunities that pose themselves for the future development of business in the region. It will also discover which actors play a significant role, and how they can contribute to business development in light of the increasing interest.

New geopolitical and security political tensions, climate change, as well as the need for improved infrastructure, contributes to an increased interest from surrounding countries. At the same time, increased accessibility creates new opportunities for increased business activity in the region.

The increasing interest and accessibility create opportunities, as well as challenges, for the Arctic nations. Retreating ice opens new opportunities for investment and business development in areas such as shipping, fishing and raw materials. However, there are still various challenges which needs to be addressed before the Arctic communities can benefit from these opportunities.

These issues open for discussion as to how the outlook is for business development in the Arctic? What role can public authorities play in supporting business development in the Arctic? What role can other organisations such as business networks and NGO’s play?

We have gathered an interesting panel of experienced arctic stakeholders from Iceland, Denmark, and Greenland, who will bring each of their bid on the future development of the Arctic region.

The panel consists of:

  • EU Ambassador at Large for the Arctic, Michael Mann
  • Arctic Ambassador for the Kingdom of Denmark, Thomas Winkler
  • Mayor of Kommuneqarfik Sermersooq, Charlotte Ludvigsen
  • Chairman of Arctic Economic Council, Heidar Gudjonsson

Moderator: former Minister of Foreign Affairs in Iceland, Össur Skarphedinsson.

Arctic Circle Assembly will take place in Reykjavík on 8-11 October.