The Arctic: climate change’s great economic opportunity
An enormous prize is on offer. When might it be grasped?
For bears of both the market and polar kind, a planet without an ice cap is a tragedy. The Arctic is warming four times faster than the world at large, causing ice to shrink by an area the size of Austria each year. Since the 1980s the volume of ice has fallen by 70% or more. The Arctic’s first ice-free day may occur before 2030.
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This article appeared in the Finance & economics section of the print edition under the headline “Break the ice”
Finance & economics January 25th 2025
- The Arctic: climate change’s great economic opportunity
- China’s financial system is under brutal pressure
- How American bankers dodged the MAGA carnage
- Has Japan truly escaped low inflation?
- Saba Capital wages war on underperforming British investment trusts
- European governments struggle to stop rich people from fleeing
- Do tariffs raise inflation?
From the January 25th 2025 edition
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Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful
How American bankers dodged the MAGA carnage
The masters of the universe have escaped an anti-globalist revolt
China’s financial system is under brutal pressure
When will something break?