DeskEnergyThe Arctic Economic Council’s 2024 report outlines ten recommendations—speed, skills, scale, dialogue—to accelerate responsible critical raw‑material mining, addressing the green‑transition supply gap while supporting Arctic economic growth.
The Arctic Mining Report 2024 reveals that three quarters of EU critical raw materials are extracted in the Arctic, highlighting the region's key role in the green energy transition and the need for supportive policy.
The offshore Arctic platform Prirazlomnaya is preparing to double its production, indicating a significant increase in the Barents Sea oil output.
Chinese developers are investing in a lithium mine located in Murmansk, Russia, within the Arctic Circle.
Moscow’s master plan for Dikson is set to spur a major extractive industry boom, creating thousands of commuter jobs and signaling heightened Russian economic activity in the high Arctic.
A gas tanker was escorted by two icebreakers on the first summer shipment along an Arctic route, signaling the start of seasonal Arctic shipping operations.
Chinese investors are considering financing the Murmansk LNG terminal, a key Arctic port facility that could impact regional energy and shipping.
Inger Johnsen of Troms Kraft, Norway’s largest renewable energy group, has been named Chair of the Arctic Economic Council, where she will lead the council’s focus on energy, just transition, and community resilience.
Russia’s natural gas is trapped in the Arctic, and petrochemical firms are expanding there, highlighting logistical challenges and a pivot toward chemical production in the region.
Huge stacks of oil pipes have been positioned on the remotest Arctic coast, ready for Russia’s new large‑scale energy project.
Planned Arctic pipeline would connect Norway's existing network with the Barents Sea, opening access to potential gas fields.
Norway’s two‑year chairmanship of the Arctic Council focuses on sustainable economic development, energy transition, thriving communities and green shipping to benefit Arctic peoples.
The article argues that Arctic mining, highlighted by LKAB's rare‑earth discovery in Kiruna, is essential to meet the 500 % rise in critical materials needed for the global green transition, offering strategic autonomy, job creation, and low‑carbon development while countering
Kirkenes, Norway’s Arctic border town, faces population decline and economic shocks from Russian sanctions amid the Ukraine war, but is pivoting toward tourism, green hydrogen and renewable energy to revive its future.
A new reactor will power the world’s largest icebreaker.
Norway’s Smart Senja, the Arctic’s largest battery, links the regional power grid to support companies and private homes, showcasing a key sustainable investment opportunity.
Around 50 banks and pension funds have banned investments in Arctic energy projects, a move the Arctic Economic Council warns could impede local development, climate goals, and responsible investment practices.
The Nordic Investment Bank is funding Arctic infrastructure projects—electric grid upgrades, port deepening, a spaceport, and SME loans—to promote sustainable economic growth and improve energy, shipping, and policy outcomes in the Arctic.
The Russian Northern Fleet’s decision to withdraw support for an Arctic drilling project after Irish fishermen pledged to block the drill highlights the clash between military-backed energy initiatives and local opposition, raising security and policy concerns.
Old Crow, a 250‑resident Yukon community, launched a solar farm that now supplies 25% of its power, cutting 190,000 litres of diesel use annually and creating a revenue model for the local Indigenous government.
Rosatom’s Chief Sustainability Officer Polina Lion outlines the company’s ESG strategy, Arctic operations, and the need for shared sustainability standards along the Northern Sea Route.
Arctic stakeholders LKAB, Equinor, Rosatom, and TOTAL Energies discussed hydrogen projects in a webinar, highlighting pilots in Russia's Kola plant, Sweden's Hybrit mine, and Norway's Barents Blue to supply hydrogen and ammonia for industry and maritime transport.
Berlevåg, Norway, is building a wind‑powered hydrogen plant that will produce green ammonia for the shipping industry, aiming to export fuel to Svalbard and diversify the local economy.
Patrick Huber, former EPA senior advisor, becomes ACAP Chair, aiming to expand contaminant‑reduction projects—like wind turbines and waste cleanups—in Arctic communities to enhance sustainability and local resilience.
Russia's biggest Arctic oil terminal is expected to open soon, signaling a major expansion of Arctic energy infrastructure.
