Even though there are many possibilities and exciting prospects for the Arctic, one has to keep in mind that it will take time before all the possibilities of the Arctic can be realized. Depending on which part of the Arctic agenda one finds interesting, a ten year timeframe is the most realistic guess, says Denmark’s new Arctic ambassador.
“The oil extraction will not become commercial or sustainable before ten or fifteen years, so that’s a timeframe that we have to include in parts of our work. The Northeast Passage will not be up and running right now either. It could easily be ten or fifteen years as well before the extent of sailing there becomes substantial. So we are working with some long prospects,” Klavs A. Holm, Denmark’s Arctic ambassador, tells ShippingWatch.