Will more than 20% of all transoceanic freight/shipping be routed through the Arctic before 2050?
5
32
Ṁ105Ṁ110
2050
75%
chance
1D
1W
1M
ALL
Rising global temperatures over the past few decades have caused a significant reduction in arctic sea ice, so much so that as soon as the next decade, the Arctic may well be ice free during the summer.
Though there is much alarm being raised about that, there is also interest in opening up the Arctic sea routes to commercial traffic via initiatives such as the Polar Silk Road.
But, how much seaborne traffic is it likely to contribute by 2050?
Will resolve as "Yes" if by 2050 more than 20% of all transoceanic freight is routed through the Arctic. Else it will resolve "No".
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