The Economist is running yet another inane article, this one suggesting that global warming is good for Russia. It starts off with the bad- "This is bad for local wildlife. All over the world, species are edging towards the poles as their habitats change. But Arctic and Antarctic creatures have nowhere colder to go. Pity the polar bears. " and "Rising polar temperatures also mean bad news for many human beings—notably the 150,000 Inuit of Alaska, Canada, Greenland and Russia. Frozen ground is turning mushy, making it hard for hunters to travel. Mosquito infestations have driven their main quarry, caribou, into the hills."
However it goes on to say " The shipping industry will be able to use new short-cuts along the north coast of North America and the north coast of Russia. A newly navigable Arctic could cut thousands of miles off the journey between the Atlantic and the Pacific.The biggest beneficiary is likely to be Russia itself, which encircles almost half the Arctic Ocean. Currently uninhabitable areas will become more hospitable; currently inaccessible energy resources will become more exploitable. " The Economist suggests that "However the sea is divided up, warming is likely to make Russia richer rather than poorer. "