The effects of climate change and abatement policies on the value of natural resources in Northern Europe and in the Arctic Sea area

Abstract

The impact of the climate on the Arctic plays a crucial role for Finland's, as well as other Nordic countries', current and future climatic conditions. Far-reaching and multi-faceted changes are taking place in the Arctic, which have profound consequences for the region's economic and political significance in international relations. The review analyses the effects of climate change and likely climate abatement policies on the accessibility and value of natural resources in Northern Europe in the Arctic Sea area and on the logistical position of Northern Europe with a special emphasis on Finland.