Lunchtime Talk: Finland and Alaska: A Conversation about Arctic Policy

Please join us at ISER to hear Kirsti Westphalen, the Consul General of Finland in Los Angeles, talk about Finland’s Arctic policy. Ms. Westphalen has worked in the Finnish Ministry for Foreign Affairs for  three decades, and has had postings in Paris, Beijing, New York, Damascus and Rabat. Since 2008 she has been the Consul General of Finland in Los Angeles, where she has focused on sustainable and clean technology solutions, educational excellence, and exchanges between Finland and the United States.

When: Monday, September 10, 12 to 1

Where: Conference Room, Fifth Floor, Diplomacy Building.

Download the PDF flyer (202 KB).…

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Maintaining Oil Wealth for the Long Run: Maximum Sustainable Yield

Alaska’s state government is sitting pretty right now, with oil revenues at record levels, $60 billion in savings, and maybe another $100 billion worth of petroleum in the ground. Still, a new paper by Scott Goldsmith, professor emeritus of economics at ISER, finds that trouble is looming, with declining oil production and growing state spending.

But the paper also describes a way for the state to maintain its petroleum wealth for the long run: maximum sustainable yield—that is, setting a level of spending from petroleum wealth that could be sustained indefinitely. The paper estimates that today the sustainable level would be about $6.4 billion a year, but it also points out that the level would change over time, with changing conditions. So if the state did decide to manage its petroleum wealth for maximum sustainable yield, it would need to monitor and update the estimate over time.

Read the analysis

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Managing Invasive Species in Alaska: How Much Do We Spend?

The first analysis of the economic effects of invasive species in Alaska finds that governments and nonprofit groups spent about $29 million from 2007 to 2011, or nearly $6 million a year, to manage those species. Tobias Schwörer of ISER and Rebekka Federer and Howard Ferren of the Alaska SeaLife Center did the analysis, based on a survey of public and private organizations that deal with invasive species around the state. The research was funded by several federal and state agencies. The analysis finds that the federal government put up most of the money for managing invasive species, and that the two biggest expenses in the study period were eradicating Norway rats on an Aleutian Island and Northern pike in lakes in Southcentral Alaska.

To read the publication, click here (PDF, 2.1MB).…

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