Put simply, “the damn thing melted,” Navy Secretary Richard Spencer explained in recent testimony, referring to Arctic ice melt as the trigger for the new U.S. Navy Arctic Strategy that is to be released this summer. What the Navy planned as a 16-year road map is in need of updates after only four years, in part due to receding polar ice caps, which are “opening new trade routes, exposing new resources, and redrawing continental maps,” but also in part due to the rise of China as an “Arctic stakeholder” and increasing important player in the region.

“All of Reykjavik might be able to fit in that apartment block,” remarks Einar Magnusson, the vice president of business development for Iceland-based Arctic Green Energy Corporation (AGEC), as he drives past miles and miles of Beijing’s residential skyscrapers. Following Jiang Zemin’s visit to Iceland in 2002 – the first-ever by a Chinese President – the two nations opened a new chapter in their partnership, which was originally founded upon shared strategic interests. China’s interest in cleaner energy sources has led to a fruitful area of cooperation with Iceland, where geothermal plants generate 66 percent of the country’s primary energy and provide nine in ten households with heat.