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Arctic Economic Council

An article on “How the Arctic Economic Council is Creating Connections in the Arctic” by Mads Qvist Frederiksen, the Director of the Arctic Economic Council was recently published in the Arctic Circle Journal.

The Arctic Economic Council (AEC) is an independent business organization facilitating sustainable economic development in the Arctic. Its membership includes more than 30 companies and organizations that all have interests in the High North. The inaugural meeting of the Council took place in Canada in 2014 after the Arctic Council (AC) had recognized a missing link in communicating with the business sector. The two councils have good collaboration and connectivity.

Currently the AEC has five working groups that cover: Maritime Transportation, Investment and Infrastructure, Responsible Resource Development, Blue Economy and Connectivity. The work of the AEC can be listed in three themes: Policy Advocacy, Partnerships and Awareness Raising.

Frederiksen explains in his article the Investment Matrix, the importance of closing the infrastructure gap in the Arctic and the need for investment in the Arctic. He also emphasizes that new members from Arctic and non-Arctic are welcome to join their platform and resources.

Read the full article

Source: Arctic Circle Journal