Arctic Circle Assembly is the largest international gathering on Arctic affairs bringing together governments, organizations, corporations, universities, think tanks, environmental associations, indigenous communities and citizens for democratic dialogue.
This year, Nordic Innovation will co-host one event on the Arctic Circle Assembly and participate in a panel discussion at the Arctic Circle Business Forum. You will also be able to meet us at the common Nordic information stand.
The Arctic Dilemma
On Thursday Nordic Innovation will co-host the discussion ‘ARCTICONOMICS: the dilemma between Nordic wealth and Nordic values’.
When: Thursday, 18.15-1910
Where: Harpa Ground Floor
The Arctic is rich in resources. But economics, not geology, will decide whether these resources are ever exploited.
The more stable, democratic, and open the world becomes, the less profitable it is to explore and extract Arctic resources. When trade flows freely and friendly nations offer abundant supply, global resource prices stay low. In that world, extracting resources in the Arctic, with its extreme costs, harsh conditions, and high risks, simply does not make financial sense.
At the same time, the more unstable, fragmented, and distrustful the world becomes, the more profitable Arctic resources become. When nations hoard resources, when supply chains break down, and when authoritarian regimes limit access, prices rise sharply. In that world, the Arctic becomes a valuable, even necessary, source of supply, despite its high costs.
This session will discuss how global conditions shape the economic viability of the Arctic and how the Nordics must now navigate a future where their values and their economic opportunities pull in opposite directions.
The panelists are:
- Jeanette Vitasp, Vice President & Head of Lending, Nordic Investment Bank
- Mads Qvist Frederiksen, Executive Director, Arctic Economic Council
- Virginia E. Vegas, Managing Director, FRONTTIER, Norway
- Emil Gejrot, Adviser, Nordic Innovation
The discussion is organized in collaboration with FRONTTIER.
Innovation in the Arctic
On Friday Managing Director of Nordic Innovation, Sindre Bornstein, participates in the discussion ‘Innovation in the Arctic’ as a part of the Arctic Circle Business Forum. The Forum is taking place at the Reykjavik Edition Hotel.
When: Friday, 17.00
Where: The Ballroom, Reykjavik Edition Hotel
The panelists are:
- Vince Payne, Vice President, Business Development, C-Core, Canada
- William Tasney, CEO Scale42, UK
- Andrey Mineev,ProjectLeader, Arctic Business Index; Researcher, Nord University, Norway
- Miki Jensen, CEO,Innovation South Greenland
- Sindre Bornstein, Managing Director, Nordic Innovation
The Arctic Circle Business Forum takes place during the Arctic Circle Assembly and offers sessions covering topics such as innovation, blue economy, infrastructure, tourism and fishing.
Meet us at the Nordic information stand
On Friday you will be able to meet Nordic Innovation at the Nordic information stand. Here you can among other hear about the new call for project proposals and learn about new publications and results.
When: Friday, 13.30-19.15
Where: Harpa, second floor
The information stand is organized by the Nordic institutions that are present at this year’s Arctic Circle Assembly and under the umbrella of the Nordic Council of Ministers.
