Abstract:Global warming and climate change resulting in the melting of sea ice within the Arctic have subsequently opened the possibility to explore and exploit the region. Previously seen as simply a region full of ice, the Arctic is believed to possess abundant natural resources, with an estimated 13% of undiscovered oil, 30% of natural gas resources in the world, as well as the opening of a new sea route which will be able to serve as a shortcut for countries to exchange goods - attracting states to pay closer atten… Show more
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