The melting of arctic ice, which opens new...

The arctic region is believed to contain vast oil and gas reserves and other mineral riches, which are likely to become accessible in future decades due to climate change. The unprecedentedly rapid warming of the arctic could lead to completely ice-free summers within decades.

The World Wildlife Fund issued three reports with a common name The International Governance and Regulation of the Marine Arctic to coincide with Russian President Dmitry Medvedev"s visit to Norway, which includes talks on arctic issues, and ahead of the upcoming Arctic Council meeting in Greenland.

"The melting of the arctic ice is opening a new ocean, bringing new possibilities for commercial activities in a part of the world that has previously been inaccessible," Lasse Gustavsson, incoming executive conservation director for WWF-International and currently CEO of WWF-Sweden, was quoted as saying of the WWF International website.

"We need a new comprehensive solution for the protection

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