The economic and environmental pros and cons of melting Arctic ice creating shorter shipping routes through the polar region are weighed up in ground-breaking research from UCL experts in energy and transport.
They conclude that policy makers must properly assess the environmental trade-offs and costs in addition to the commercial benefits and opportunities in Arctic shipping. The authors also want to see more incentives to drive technological developments that will accelerate the uptake of green fuels and technologies.
The Arctic is the fastest-warming region on the planet.
Shorter Arctic shipping routes, which mean less fuel used are already used by a handful of ships, when areas of the Arctic ice melt during the summer. But the period when these routes are navigable is predicted to extend with increases in global warming and, if warming fails to remain within the 1.5⁰C/2⁰C limit set out in the Paris agreement, permanent Arctic ice may be a thing of the past.
Read more at University College London
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